In Many Less-Developed Countries, Per Capita GDP Falls Even Though

question 100

Multiple Choice

In many less-developed countries, per capita GDP falls even though real GDP rises, because:

• A)output grows at a slower rate than the population.
• B)the GDP measures in developing countries are always inaccurate.
• C)consumption spending exceeds investment spending.
• D)these countries face an acute trade deficit.
• E)prices increase faster than increase in actual output level.

Understand the historical context and significance of Pavlov's discovery in conditioning.

Explain how the magnitude of the conditioned response changes with the number of CS-US pairings.

Describe the processes of dishabituation, habituation, and their importance in learning.

Recognize and explain the importance of timing and predictability (contingency) in the conditioning process.

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Definitions:

Maturity Risk Premium

The additional return that investors demand for bearing the risk associated with holding a longer-term debt instrument.

Yield Curve

A graphical representation showing the relationship between the interest rates of bonds of identical quality but different maturity dates.

Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument, as stated by the issuer.