The Measure of the Value of Production That Occurs Within

question 87

Multiple Choice

The measure of the value of production that occurs within a country's borders without regard to whether the production is done by domestic or foreign factors of production is its ________.

• A)net national product (NNP)
• B)gross national product (GNP)
• C)gross domestic product (GDP)
• D)gross national income (GNI)

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Definitions:

Kohlberg

Lawrence Kohlberg was a psychologist best known for his theory of stages of moral development.

Erikson

Erik Erikson was a developmental psychologist known for his theory on the psychosocial development of human beings, which postulates that individuals go through eight stages from infancy to adulthood, each accompanied by a specific psychological challenge.

Idealistic Standards

Expectations or goals that are highly ambitious and often unrealistically perfect or optimistic.

Parents' Values

Beliefs and principles that parents consider important and attempt to instill in their children.