The GDP Price Index

question 140

Multiple Choice

The GDP price index

• A)involves all final goods and services produced in the economy
• B)is derived from looking at quantities of goods sold rather than at prices
• C)is derived using the prices of only imported and exported goods and services
• D)is derived using the implicit prices of goods and services produced by the government
• E)involves all goods and services sold in the economy

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Definitions:

Conditioned Stimulus

A formerly neutral signal that, once linked with an unconditioned stimulus, triggers a conditioned response.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of time without exposure to the conditioned stimulus.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the subject to associate certain behaviors with certain outcomes.

Responses

Reactions or answers provided following specific stimuli or situations.