When an Economy's Overall Production Grows Faster Than Its Population

question 2

Multiple Choice

When an economy's overall production grows faster than its population, it is undergoing:

• A)long-run growth per capita.
• B)an increase in nominal GDP.
• C)deflation.
• D)the paradox of thrift.

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Definitions:

Unconditioned Stimulus

In traditional conditioning, a stimulus instinctively and spontaneously elicits a response without needing any previous learning.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex; in psychology, it also refers to the ability to perceive and differentiate between stimuli.

Stimulus Generalization

The process in which a response that is originally elicited by a specific stimulus also becomes elicited by other, similar stimuli.

Conditioned Response

A learned reaction to a stimulus which occurs because of previous conditioning.