An Imputed Payment

question 42

Multiple Choice

An imputed payment

• A)is a payment that is due but not made
• B)is a payment not made through the market and therefore not counted in GDP
• C)refers to nonmarket goods and services being valued as if they were sold on a market
• D)refers to governmental services being valued at the cost of production
• E)refers to consumers imputing a value to the payment

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Definitions:

Transformation

A comprehensive change or conversion in form, appearance, nature, or character.

Reintegrative Stage

The period of late adulthood during which the focus is on tasks that have personal meaning.

Sensorimotor Stage

Piaget’s initial major stage of cognitive development, which can be broken down into six substages.