Actual GDP

question 78

Multiple Choice

Actual GDP

• A)is greater than potential GDP during recessions.
• B)is less than potential GDP during recessions.
• C)and potential GDP have identical meanings.
• D)is equal to potential GDP during economic booms.

---

Definitions:

Extinction Processes

The gradual reduction and eventual disappearance of a conditioned response after the conditioned stimulus is no longer paired with the unconditioned stimulus.

Attentional Processes

Mental processes that allow an individual to focus on specific stimuli while ignoring others, crucial for perception and cognitive functioning.

Representational Systems

Refers to the sensory modalities (visual, auditory, kinesthetic, olfactory, gustatory) used by individuals to process information and experiences.

Value Judgments

Decisions or assessments that reflect personal or societal opinions on what is important or morally right.