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If period 1 is the base year, the bundle price of goods in period 1 is $300, and the bundle price of goods in period 2 is $320, the period 2 price index is
Internal Personal Factors
Characteristics or attributes within an individual, such as beliefs, values, and personality traits, that influence behavior and perception.
Environmental Events
Occurrences within an ecosystem or environment that can affect the organisms living within it, including natural disasters, pollution, and climate change.
Person-situation Controversy
A debate in psychology about the relative influence of personal traits versus situational factors in governing behavior.
External Influences
Factors outside an individual that can impact their behavior, decisions, or perceptions, such as societal norms, marketing, or environmental conditions.
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