Net Domestic Product

question 220

Multiple Choice

Net domestic product:

• A)is a better measure of output than gross domestic product because it controls for depreciation.
• B)is a worse measure of output than gross domestic product because it is distorted by depreciation.
• C)cannot be computed since economists have no measure of depreciation.
• D)increases as depreciation increases.

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Definitions:

HR Requirements

The specific needs or qualifications an organization requires from its human resources including skills, experience, and education for employment.

Time Horizon

The length of time over which an investment, project, or strategy is planned or expected to occur or be effective.

Workforce Planning

The process of analyzing an organization's future workforce needs and determining the necessary actions to meet those needs, including hiring, training, and restructuring.

Human Capital

Refers to the economic value of a worker's experience and skills, including factors like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.