The Key Determinant of a Person's Standard of Living in a Country

question 206

Multiple Choice

The key determinant of a person's standard of living in a country is

• A)the amount of goods and services produced from each hour of a worker's time.
• B)the total amount of goods and services produced within the country.
• C)the total amount of its physical capital.
• D)its growth rate of real GDP.

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Definitions:

Affective Component

Pertains to the emotional aspect of attitudes, reflecting feelings or emotions related to an object, person, or event.

Behavioural Component

The aspects of psychology related to the actions or reactions of individuals usually in response to external stimuli.

Cognitive Component

Refers to the beliefs, thoughts, and knowledge about the subject at hand, which is a part of an attitude.

Affective Component

The emotional or feeling segment of an attitude, which influences how we react to certain situations or individuals.