An Incentive Is a

question 98

Multiple Choice

An incentive is a

• A) rigidly patterned behavior characteristic of an entire species.
• B) state of deprivation that triggers arousal.
• C) positive or negative environmental stimulus that motivates behavior.
• D) state of arousal triggered by deprivation.

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Definitions:

Nominal GDP

Nominal GDP refers to the market value of all final goods and services produced within a country in a given period, using current prices without adjusting for inflation.

Real GDP

Gross Domestic Product adjusted for inflation, giving an accurate measure of an economy's size and how it's growing over time.

GDP Deflator

A measure that reflects the prices of all domestically produced goods and services in an economy.

Percentage Change

A mathematical calculation that describes the degree of change over time, expressing the difference as a percentage of the initial value.