The Total Value of All Goods and Services Produced by People

question 21

Multiple Choice

The total value of all goods and services produced by people in a country in a year is known as

• A) iron triangle.
• B) civil society.
• C) gross national product.
• D) realignment.
• E) annual economic growth.

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Definitions:

Groupthink

A psychological phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Conformity

The tendency of individuals to align their attitudes, beliefs, and behaviors with those of a group.

Social Loafing

The phenomenon of a person exerting less effort to achieve a goal when they work in a group than when they work alone.

Social Facilitation

The tendency for individuals to perform differently when in the presence of others than when alone, usually showing improvement in tasks they find easy or have well-rehearsed.