Which of the Following Statements About Output Gaps Is True

question 12

Multiple Choice

Which of the following statements about output gaps is true?

• A)When actual GDP is above potential GDP, there is upward pressure on wages.
• B)When actual GDP is above potential GDP, there is downward pressure on output prices.
• C)When actual GDP is above potential GDP, there is downward pressure on wages.
• D)When actual GDP is below potential GDP, there is upward pressure on wages.
• E)When actual GDP is below potential GDP, there is upward pressure on output prices.

Grasp the role of workforce analytics in HRM and decision-making.

Identify methods to measure client satisfaction within HRM.

Comprehend the approaches to reducing labor expenses in HRM practices.

Understand the concept of added value in the context of HRM impact measurement.

---

Definitions:

Declaration Date

The specific date on which a company announces a dividend or distribution to its shareholders.

Dividends Payable

A liability recorded on the company's balance sheet representing the amount of declared dividends that are owed to shareholders but have not yet been paid.

Financial Statements

Structured reports that detail the financial activities and conditions of a business, including the balance sheet, income statement, and cash flow statement.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.