In Order to Assess the Level of Prosperity in a Nation

question 5

Essay

In order to assess the level of prosperity in a nation in a given year, should we examine the level of that nation's real GDP per person, or should we examine the growth rate of that nation's real GDP per person?

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Definitions:

Learned Helplessness

A condition in which individuals feel powerless to change a situation because of repeated failures in the past.

Reinforcements

In behavioral psychology, stimuli that increase the probability of a behavior being repeated, which can be positive (adding something desirable) or negative (removing something undesirable).

Anhedonia

The diminished ability to experience pleasure or loss of interest in previously rewarding or enjoyable activities.

Bipolar Depression

A phase of bipolar disorder characterized by significant depressive episodes where an individual may experience a depressed mood, loss of pleasure or interest in activities, and other symptoms similar to major depression.