The Growth Rate of Any Variable Y Between Periods T $y _ { t + 1 } / y _ { t }$

question 68

Multiple Choice

The growth rate of any variable y between periods t and t + 1 is the ________ and is given by the term ________.

• A) percentage of that variable; \(y _ { t + 1 } / y _ { t }\)
• B) percent change in that variable; \(\left( y _ { t + 1 } - y _ { t } \right) / y _ { t }\)
• C) percent change in that variable; \(y _ { t + 1 } - y _ { t }\)
• D) percent of that variable; \(\left( y _ { t + 1 } - y _ { t } \right) / y _ { t }\)
• E) percent change in that variable; \(\left( y _ { t + 1 } - y _ { t } \right) / y _ { t + 1 }\)

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Definitions:

Classical Conditioning

The development of understanding through the combination of a naturally present stimulus and one from the environment.

Adaptability

The ability to change or be changed to fit varied circumstances or environments, often essential for survival, growth, and development.

Learning

The act of gaining new insights, learning, abilities, values, or inclinations by means of education, practical exposure, or instruction.

Behaviors

The actions or reactions of an individual in response to external or internal stimuli.