If GDP Calculations Included Measurements of Pollution and Environmental Damage,GDP

question 160

Multiple Choice

If GDP calculations included measurements of pollution and environmental damage,GDP values would most likely be

• A)greater than their values without these measurements.
• B)less than their values without these measurements.
• C)unchanged from their values without these measurements.
• D)meaningless,since GDP values without these measurements would no longer be of value.

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Definitions:

Illusory Correlation

The perception of a relationship between two variables even when no such relationship exists.

Confirmation Bias

The inclination to seek out, understand, prefer, and remember information in a manner that validates one's existing beliefs or theories.

Cognitive Error

Faulty thinking patterns that lead to misinterpretation of experiences or interactions.

Illusory Correlation

The cognitive mistake of perceiving a relationship between two variables even when none exists.