GDP Is Not a Perfect Measure of Welfare Because It

question 70

Multiple Choice

GDP is not a perfect measure of welfare because it

• A)treats a dollar spent on guns the same as a dollar spent on education
• B)treats a dollar spent on exports the same as a dollar spent on imports
• C)double counts the value of leisure time
• D)double counts depreciation
• E)counts illegal activities in the underground economy

Differentiate among major personality theories including social cognitive, humanistic, and trait perspectives.

Understand the application of humanistic psychology principles to personal and societal growth.

Describe the basic trait dimensions of personality according to trait theorists.

Explain the significance of empirical research and experimental data in the social cognitive perspective on personality.

---

Definitions:

Expert and Novice

A distinction in skill level and understanding between individuals; experts possess a high level of knowledge and competence in a particular domain, while novices have limited experience and proficiency.

Individual Differences

Variations among individuals in their psychological traits, abilities, and behaviors.

Stable Patterns

Consistent and predictable behaviors or configurations that remain unchanged over time.

Field Dependence/Independence

A cognitive style that describes individuals' tendency to rely on or disregard the surrounding context in processing information.