According to the Circular-Flow Diagram,GDP

question 20

Multiple Choice

According to the circular-flow diagram,GDP

• A)can be computed as payments firms make to factors of production plus revenues they receive from the sales of goods and services.
• B)can be computed as the revenue firms receive from the sales of goods and services minus the payments they make to factors of production.
• C)can be computed as either the revenue firms receive from the sales of goods and services or the payments firms make to factors of production.
• D)can be computed as the payments firms make to factors of production,but not as revenues they receive from the sales of goods and services.

---

Definitions:

Continuous Reinforcement Schedule

A reinforcement strategy in which every instance of a desired behavior is reinforced, leading to quicker learning of the behavior.

Unconditioned Avoidance Response

An automatic, natural reaction to avoid harm or unpleasantness without the need for previous conditioning.

Electra Complex

A psychoanalytic theory which posits that a girl during her psychosexual development experiences a sense of competition with her mother for the affections of her father.

Castration Anxiety

A psychoanalytic concept referring to a deep fear of losing one's genitalia or their function.