In Australia, Between 1959/60 and 2017/18, There Has Been

question 24

Multiple Choice

In Australia, between 1959/60 and 2017/18, there has been
i. a consistent, non-changing growth rate of potential GDP per person.
ii. an increase in the standard of living based on real GDP per person.
iii. fluctuations in real GDP per person around potential GDP per person.

• A) i only
• B) i, ii and iii
• C) i and ii only
• D) ii only
• E) ii and iii

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Definitions:

Piaget

A Swiss psychologist known for his pioneering work in child development, focusing on cognitive growth and the stages of development.

Formal Operational

The final stage of Jean Piaget's theory of cognitive development, characterized by the ability to think abstractly, logically, and systematically.

Tacit Knowledge

Knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often acquired through personal experience and context.

Sternberg

Refers to Robert Sternberg, an American psychologist known for his theory on intelligence, creativity, wisdom, and love.