Ace Has Always Been a Top Student,so It Was No

question 82

Multiple Choice

Ace has always been a top student,so it was no surprise he won a $1,500 scholarship from the company where he worked summers to help with college expenses.Ace decides to spend his scholarship money on a new Apple Macbook before heading off to college in the fall.How will GDP be affected by Ace's recent purchases?

• A)Consumption will go up by $1,500,because a computer is a durable good.
• B)Investment will go up by $1,500,because a computer is a durable good.
• C)GDP will not be affected,since Ace acquired the computer with scholarship money.
• D)Consumption will go up by $1,500,because a computer is a nondurable good.

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Definitions:

Traditional Views

Traditional views refer to beliefs, values, or practices that have been long established and passed down through generations.

Gifted Children

Children who display exceptional intellectual abilities, creativity, or talent at a level significantly ahead of their chronological peers.

Terman's Longitudinal Study

A long-term research project that began in the early 20th century, studying the lives of gifted individuals.

"Terman's Termites"

A longitudinal study started by Lewis Terman to examine the development of children with high IQ scores into adulthood.