To Calculate GDP Using the Value-Added Method,one Would Add Up

question 118

Multiple Choice

To calculate GDP using the value-added method,one would add up

• A)the market value of final goods and services produced during a particular period.
• B)only the value added by the underground economy.
• C)the value added by each firm involved in the production of final goods and services.
• D)the market value of intermediate goods and services produced during a particular period.

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Definitions:

Negative Reinforcement

A behavioral technique where the removal of an undesirable or unpleasant outcome after the display of a behavior increases the likelihood of the behavior being repeated in the future.

B. F. Skinner

A psychologist known for his work in behaviorism and for developing the theory of operant conditioning.

Cognitive Processes

Mental activities involved in acquiring, storing, retrieving, and using information.

Rescorla

Robert A. Rescorla is a psychologist known for his work on the involvement of cognitive processes in classical conditioning, particularly related to the predictability of the unconditioned stimulus.