It Is the Year 2031,ten Years Since You Received a Doctorate

question 47

Essay

It is the year 2031,ten years since you received a doctorate in psychology,and twenty since you took that first test in introductory psychology.Now a professor yourself,you wish to tell your own students how the field has changed since you began your study of psychology.Based on your text's discussion,which developments in science might you highlight?

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Definitions:

Net Exports

The value of a country's total exports minus its total imports, representing the net trade of goods and services with other countries.

Net Capital Outflows

The value of domestic assets purchased by foreigners minus the value of foreign assets purchased by residents of a country.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.

Imports

Goods and services that are produced abroad and sold domestically