Output

question 36

Multiple Choice

Output:

• A)is feedback that has been processed to create meaningful information that can be used by others.
• B)is information that is returned to appropriate members of the organization to help them evaluate the input stage.
• C)transfers data to the people who will use it or to the activities for which it will be used.
• D)is the result of processing raw input data into meaningful information.
• E)converts raw input into a meaningful form.

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Definitions:

Expansionary Gap

A situation where the actual level of output in an economy exceeds its potential output, often leading to inflation.

Active Approach

An active approach in policy-making or investment strategy entails ongoing, deliberate interventions or decisions to achieve specific economic or financial goals.

Potential Output

The maximum level of real GDP that can be produced when all resources are fully employed in an economy, indicating its productive capacity.

Real GDP

The total value of all goods and services produced within a country, adjusted for inflation, providing a more accurate measure of economic performance.