The Table Below Shows Real GDP,potential GDP and the Unemployment

question 34

Multiple Choice

The table below shows real GDP,potential GDP and the unemployment rate for a hypothetical economy. TABLE 30-3 Refer to Table 30-3.The variations in the unemployment rate between 2007 and 2015 are likely due to variations in

• A)the NAIRU.
• B)frictional unemployment.
• C)structural unemployment.
• D)potential output.
• E)the output gap.

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Definitions:

Performance Feedback Meeting

A discussion between a supervisor and an employee to review the employee's job performance and set future goals.

Electronic Monitoring Systems

Technological tools and devices used to supervise, record, and analyze the activities and productivity of individuals, especially employees.

360-Degree Appraisal

A performance review system where an employee is evaluated by feedback from various sources, including peers, subordinates, supervisors, and sometimes clients.

Calibration Meetings

Scheduled discussions among managers or team leaders focused on ensuring consistency in performance assessments, ratings, and employee development strategies across an organization.