Social Security Payments Are

question 27

Multiple Choice

Social Security payments are

• A)included in GDP because they represent current income.
• B)included in GDP because they represent potential consumption.
• C)excluded from GDP because they are not private pensions.
• D)excluded from GDP because they do not reflect the economy's production.

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Definitions:

Referent Power

An elusive power that is based on interpersonal attraction.

Individualistic

A trait or culture emphasizing the importance and value of the individual over the collective group.

Respected

Earning esteem or admiration from others due to qualities such as integrity, achievements, or fairness.

Zone of Indifference

A conceptual range within which individuals are indifferent to authority's decisions or directives, either accepting or obeying them without resistance.