The Four Main Categories of Spending Included in the Expenditure

question 48

True/False

The four main categories of spending included in the expenditure approach to calculating GDP are personal consumption, gross private domestic investment, government purchases, and net exports.

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Definitions:

Positive Reinforcement

A process in operant conditioning that increases the likelihood of a behavior by following it with a desirable outcome or reward.

Positive Punishment

Increasing the likelihood of reducing a behavior by adding an unfavorable outcome or event following the behavior.

Natural Consequences

Punishments enacted naturally as a consequence of the negative behavior.

Time-Out

A behavioral intervention technique where an individual is temporarily removed from an environment to decrease undesirable behaviors.