If We Included Intermediate Goods in the Calculation of GDP

question 37

Multiple Choice

If we included intermediate goods in the calculation of GDP,

• A) we would be underestimating GDP
• B) we would be accurately measuring GDP
• C) we would be overestimating GDP
• D) any measurement problems would be offset by including the sale of new goods
• E) any measurement problems would be offset by including the final goods as well

Realize the impact of design thinking in uncovering real reasons behind user behavior and preferences.

Understand different interviewing techniques and their applications in design thinking.

Grasp the concept of design thinking stages and methodologies by different organizations.

Acknowledge the role of constraints in the design thinking process and how they can lead to innovative solutions.

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Definitions:

Social Identity Theory

A psychological theory proposing that individuals derive part of their self-concept from their perceived membership in a relevant social group.

Ingroups

Social groups to which an individual feels a sense of membership, belonging, and identity.

Outgroups

Groups of people that an individual does not identify as belonging to, often seen as different or apart from one's own group.

Self-knowledge

An individual's understanding of their own personality, feelings, motives, desires, and other aspects of the self.