Which of the Following Is Reflected in GDP

question 127

Multiple Choice

Which of the following is reflected in GDP?

• A)the value of leisure time
• B)the value of illegal goods and services
• C)emotional and psychological well-being
• D)costs of cleaning up after pollution
• E)the value of house maintenance performed by homeowners

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Definitions:

Modelling

In social science, it refers to the process of learning and adopting behaviors by observing and imitating others.

Frequency Marketing

A promotional strategy that focuses on rewarding customers based on the frequency of their purchases.

Variable Ratio

In the context of behavioral psychology, it's a reinforcement schedule where a response is reinforced after an unpredictable number of responses, often used in gambling and sales strategies.

Fixed-Interval Reinforcement

is a schedule of reinforcement where a response is rewarded only after a specified amount of time has elapsed, resulting in a pattern of behavior that increases as the time for the next reward draws near.