The Income-Expenditure Identity Says That

question 28

Multiple Choice

The income-expenditure identity says that

• A)Y = C + S + G.
• B)Y = C + I = G.
• C)Y = C + I + G + NX.
• D)Y = C + I + G + NX = CA.

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Definitions:

Learned Helplessness

A condition in which a person becomes passive and unable to take action to control or avoid harmful situations after experiencing a series of uncontrollable events.

Inescapable Electric Shocks

Refers to a controlled laboratory scenario often used in research to study the effects of perceived control over stressors, associated with learned helplessness.

Seligman

Refers to Martin E.P. Seligman, an American psychologist known for his work on learned helplessness, depression, optimism, and positive psychology.

Escapable Shocks

A term from psychological experiments referring to shocks that the subject can avoid, often used to study control and stress.