The Statistic Used by Economists to Measure the Value of Economic

question 5

Multiple Choice

The statistic used by economists to measure the value of economic output is:

• A) the CPI.
• B) GDP.
• C) the GDP deflator.
• D) the unemployment rate.

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Definitions:

Confront

To face in hostility or defiance; to oppose or challenge someone or something directly.

Racist

Characterized by or showing prejudice, discrimination, or antagonism against someone of a different race based on the belief that one's own race is superior.

Sexist

Discriminating against people based on their sex, often holding stereotypes or prejudices towards a particular gender.

Cognitive Dissonance Theory

The idea that people have such distaste for perceiving inconsistencies in their beliefs, attitudes, and behavior that they will bias their own attitudes and beliefs to try to deny inconsistencies.