To Avoid Double Counting in the Computation of GDP, Only

question 27

Multiple Choice

To avoid double counting in the computation of GDP, only the value of ______ goods are included.

• A) final
• B) used
• C) intermediate
• D) investment

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Definitions:

Attitude

A mental inclination demonstrated through assessing a specific entity with a certain level of preference or aversion.

Fundamental Attribution Error

The habit of focusing too much on someone's personal attributes and overlooking the circumstances when assessing their behavior.

Cognitive Dissonance

The psychological dissonance faced when someone maintains a variety of opposing beliefs, ideas, or values simultaneously.

Foot-In-The-Door Phenomenon

A psychological tactic involving getting a person to agree to a large request by first setting them up to agree to a modest request.