Which of the Following Is a Correct Statement About the Growth

question 128

Multiple Choice

Which of the following is a correct statement about the growth of real GDP in the U.S.economy?

• A)Real GDP in 2004 was almost four times its 1965 level.
• B)The output of goods and services grew on average about 3.2 percent per year between 1965 and 2004.
• C)Continued growth in real GDP enables the typical American to enjoy greater economic prosperity than did his or her parents and grandparents.
• D)All of the above are correct.

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Definitions:

Self-Confidence

The belief in one's own abilities, qualities, and judgment.

Self-Efficacy

A person's confidence in their ability to perform actions required to achieve certain outcomes.

Collective Efficacy

The shared belief in a group's collective ability to organize and execute the courses of action required to achieve given goals.

Team Cohesion

The extent to which members of a team are united in pursuing common goals and how attracted they are to the team and its activities.