Which of the Following Is True

question 105

Multiple Choice

Which of the following is true ?

• A) GDP is a "flow" concept.
• B) The purchase prices of both intermediate goods and final goods are included in GDP.
• C) GDP measures economic welfare.
• D) GDP is a measure of changes in the general level of prices.

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Definitions:

Rationalization

A coping technique where disputable actions or emotions are rationalized in an apparently logical way to evade the actual reason behind them.

Financial Aid

Any form of funding that assists students in paying for their education, typically coming from various sources such as scholarships, grants, and loans.

Defense Mechanism

Mental tactics employed subconsciously to shield an individual from the distress caused by thoughts or emotions that are not acceptable.

Repression

A defense mechanism where uncomfortable thoughts or memories are unconsciously blocked from conscious awareness.