Which of the Following Statements Is True

question 249

Multiple Choice

Which of the following statements is true?

• A)A decrease in the crime rate increases GDP as people will spend more on security.
• B)Household production is counted in GDP as it amounts to real production.
• C)GDP accounting rules do not adjust for production that pollutes the economy.
• D)GDP growth distributes income equally to people in the economy.

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Definitions:

Bandura

A psychologist known for his work on social learning theory, emphasizing the role of observational learning, self-efficacy, and reciprocal determinism in behavior.

Vroom

Refers to Victor Vroom's expectancy theory which suggests that individual motivation is influenced by the expected outcomes of their actions.

Locke

Refers to John Locke, an influential 17th-century English philosopher known for his work on political philosophy, epistemology, and education.

Self-Efficacy Theory

A psychological theory proposing that individuals' belief in their ability to perform a task influences their motivation and performance in that task.