The Computer Metaphor Is at the Heart of the _____

question 141

Multiple Choice

The computer metaphor is at the heart of the _____ approach.

• A)cognitive
• B)psychodynamic
• C)behaviorist
• D)functionalist

Identify what is included and excluded in GDP calculations.

Comprehend the concept of net investment and its relation to gross investment and depreciation.

Understand how inflation and deflation impact GDP and real GDP.

Learn how changes in the labor force participation impact GDP.

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Definitions:

Positive Statement

An objective statement based on facts that can be tested and validated, used in contrast to normative statements which express opinions or what ought to be.

Normative Statements

Statements that express opinions, desires, or judgments about what should be, and do not make factual or objective claims.

Positive Statements

Objective statements that can be tested, amended, or rejected by referring to the available evidence.

Normative Statement

A value judgment about what ought to be, expressing opinions or assertions that cannot be tested or verified.