Sally Has Recently Graduated from College and Has Bought a House

question 128

Multiple Choice

Sally has recently graduated from college and has bought a house that was built 50 years ago for $100,000.She used a real estate agent to help her find and purchase the house,and the real estate agent received 6 percent of the value of the sale,or $6,000,to be paid by the seller of the house.The value of GDP in this case would

• A)increase by $100,000.
• B)increase by $94,000.
• C)increase by $106,000.
• D)increase by $6,000.
• E)not be affected because the house was not produced in the current time period.

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Definitions:

Psychosocial Theory

A framework that describes the social and psychological growth of individuals through the interaction with their environment across the lifespan.

Identity Versus Identity Confusion

A stage in psychological development in which an individual grapples with forming a personal identity and a sense of self-concept.

Erikson

Referring to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans across the lifespan.

Commitment

A pledge or promise to do something or to remain engaged with a person, cause, or activity over time.