Which of the Following Would Be Counted in This Year's

question 166

Multiple Choice

Which of the following would be counted in this year's GDP?

• A)your donation today of $100 to the Red Cross
• B)the rental payment you made today on a house built last year
• C)your purchase today of a house built last year
• D)your purchase of 100 shares of Wal-Mart stock

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Definitions:

Maslow's Concept

Refers to Maslow's hierarchy of needs, a theory in psychology proposed by Abraham Maslow in 1943, which posits that people are motivated by five basic categories of needs: physiological, safety, love and belonging, esteem, and self-actualization.

Humanistic Approach

The Humanistic Approach in psychology emphasizes individual potential and stresses the importance of growth and self-actualization.

Subjective Nature

The characteristic of being grounded in or swayed by individual emotions, preferences, or viewpoints.

Self-concept

An individual's perception of themselves, including beliefs, feelings, and thoughts about one's abilities, appearance, and values.