Productive Activities Typically Excluded from GDP Include

question 25

Multiple Choice

Productive activities typically excluded from GDP include

• A) government and private transfer payments.
• B) sales of secondhand goods.
• C) services performed by government.
• D) nonmarket transactions.
• E) sales and purchases of securities.

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Definitions:

Self-fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

False Consensus Effect

The cognitive bias to overestimate the extent to which others share our beliefs, attitudes, and behaviors.

Weight Discrimination

The unfair treatment of individuals based solely on their weight or body size, often manifesting in social, professional, and health care contexts.

Festinger And Carlsmith

Researchers known for their 1959 cognitive dissonance experiment, which investigated the effects of forced compliance behavior on changing attitudes.