In Computing GDP,market Prices Are Used to Value Final Goods

question 25

Multiple Choice

In computing GDP,market prices are used to value final goods and services because

• A)market prices do not change much over time,so it is easy to make comparisons between years.
• B)market prices reflect the values of goods and services.
• C)market prices reflect the quantity sold.
• D)None of the above is correct;market prices are not used in computing GDP.

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Definitions:

Inferiority Complex

An inferiority complex is a psychological condition where a person feels a deep sense of inadequacy and insecurity, often stemming from real or imagined inferiority to others.

Oedipal Complex

A concept in psychoanalytic theory describing a child's feelings of desire for the opposite-sex parent and jealousy and rivalry with the same-sex parent.

Denial

A defense mechanism in which an individual refuses to accept reality or facts, blocking external events from awareness.

Displacement

A defense mechanism where an individual redirects emotional feelings from a threatening target to a less threatening one.