What Does Nominal GDP Measure

question 138

Multiple Choice

What does nominal GDP measure?

• A)the total quantity of final goods and services produced
• B)the dollar value of the economy's output of final goods and services
• C)the total income received from producing final goods and services in constant dollars
• D)the price level

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Definitions:

Sleeper Effect

A delayed increase in the persuasive impact of a message, where an initially discounted message becomes more influential over time.

Bogus Pipeline

A research technique that tricks participants into believing their true feelings are being measured, thereby encouraging honesty in responses.

Implicit Measures

Assessment tools used to evaluate attitudes, feelings, or beliefs that individuals may be unwilling or unable to report directly.

Explicit Measures

Direct and straightforward techniques to assess attitudes, opinions, or behaviors, often through self-report.