Which of the Following Is True About Economic Development of a Nation

question 73

Multiple Choice

Which of the following is true about economic development of a nation?

• A) The purchasing power parity is a poor indicator of a people's total well-being.
• B) GDP is a larger figure and includes a nation's income generated from exports, imports, and international operations.
• C) Illegal activities such as gambling and black market transactions are considered in GDP and GNP.
• D) Using gross product figures to compare production across countries accounts for different cost of living in each country.

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Definitions:

Physiological Arousal

Refers to the physical responses of the body, such as increased heart rate and sweating, that accompany emotions and cognitive states.

Emotional Preference

A term indicating an individual's tendency to favor decisions or reactions based on emotions rather than rational analysis.

Robert Zajonc

A psychologist known for his work on the mere-exposure effect and social facilitation, focusing on the interplay between feeling and thinking.

Emotion Precedes Cognition

The theory or observation that emotional responses can occur independently and prior to cognitive processing of a stimulus or situation.