What Would Be the Effect If One Half of the Population

question 69

Multiple Choice

What would be the effect if one half of the population did the housework for the other half of the population,and vice versa,and each group paid the other for these services?

• A)GDP would not be affected because the one set of transactions would cancel out the other.
• B)GDP would rise.
• C)GDP would fall.
• D)GDP would not be affected but the personal income of people would be.

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Definitions:

Experimental Psychology

A branch of psychology that studies the human mind and behavior through controlled experiments to understand psychological phenomena.

Cognitive Psychology

The area of psychology focused on understanding mental activities, such as thinking, perception, memory, and learning.

Psychometrics

The scientific study of the measurement of human abilities, traits, and attitudes.

Personality Psychology

The branch of psychology that focuses on the study of patterns of thoughts, feelings, and behaviors that make a person unique.