Table 7-1 Table 7-1 Shows the Aggregate Demand and Short-Run

question 156

Multiple Choice

Table 7-1
Table 7-1 shows the aggregate demand and short-run aggregate supply curves for an economy. The potential level of output is $7.6 trillion.
-Refer to Table 7-1. What is the initial real GDP and price level?

• A) Real GDP = 7.6 trillion; price level = 1.2
• B) Real GDP = 7.6 trillion; price level = 2.8
• C) Real GDP = 6.8 trillion; price level = 2.0
• D) Real GDP = 7.8 trillion; price level = 1.0

Understand the purpose and limitations of Management by Objectives (MBO) within an organization.

Recognize the application and functionality of Project Evaluation and Review Technique (PERT) in project management.

Calculate the break-even point and profit goals using break-even analysis.

Understand the impact of MBO on employee motivation and productivity.