A Change in a Nation's External Wealth Consists of Two

question 19

Multiple Choice

A change in a nation's external wealth consists of two parts:

• A) a change in GDP plus the change in income.
• B) financial flows plus valuation effects.
• C) an increase in liabilities to the rest of the world matched equally by an increase of external assets.
• D) debits and credits.

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Definitions:

Role Continuity Principle

A psychological principle suggesting that individuals are more likely to maintain a consistent self-concept and psychological well-being when they can maintain consistent social roles over time.

Consistent Over Time

A principle stating that certain attributes, behaviors, or patterns remain stable across different periods in an individual's life.

Social Roles

The parts individuals play as members of a social group, which meet the expectations, behaviors, and actions that society ascribes to them.

Cumulative Continuity Principle

The idea that personality becomes more stable and unchanging as a person gets older.