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GDP Does Not Directly Measure Those Things That Make Life

question 185

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GDP does not directly measure those things that make life worthwhile, but it does measure our ability to obtain many of the inputs into a worthwhile life.


Definitions:

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

Conditioned Stimulus

A stimulus that was originally neutral but, after association with an unconditioned stimulus, leads to eliciting a conditioned response.

Classical Conditioning

A fundamental learning technique established by the association between an initially neutral stimulus and a naturally occurring stimulus, leading to a learned response.

Acquisition

In psychology, the initial stage of learning or conditioning during which a response is established.

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