Which of the Following Best Defines Gross Job Destruction

question 104

Multiple Choice

Which of the following best defines gross job destruction?

• A) the sum of job losses across all firms, either by firms reducing their employment or going out of business, in a given year
• B) the number of jobs created by new firms less jobs lost in established firms in a given year
• C) the number of job losses due to firms reducing their employment in a given year
• D) the number of job losses due to firms going out of business in a given year

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Definitions:

Online Communications

Involves the exchange of messages, information, or documents through the internet or electronic devices.

Binding Contract

A legally enforceable agreement between two or more parties that obligates them to perform specific actions or uphold terms.

Time Difference

The variation in time between different geographical locations, caused by the earth's rotation and delineated by time zones.

Email Acceptance

The act of agreeing to a proposal or offer through an electronic mail communication.