Real GDP Grows When

question 112

Multiple Choice

Real GDP grows when
I. the quantities of the factors of production grow
II. persistent advances in technology make factors of production increasingly productive
III. human capital grows

• A) Only II.
• B) Both I and III.
• C) Only I.
• D) I, II, and III.

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Definitions:

Continuance Commitment

An employee's loyalty to an organization based on the costs they associate with leaving, such as losing benefits or facing a lack of suitable job alternatives.

Job Evaluations

are systematic processes used by organizations to determine the relative value, importance, or complexity of a job in relation to other jobs within the organization.

Reward System

A structured scheme within organizations to incentivize and recognize employee performance, contributing to motivation and job satisfaction.

Self-reinforcement

The act of rewarding oneself to encourage a behavior or achievement, based on personal standards or goals.