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The Bouncy Ball Company recently began using teams in the production of its bouncy balls.At first things seemed to be working, but then a number of problems began to arise.Team members were not always sure what they were supposed to be doing and they were having trouble coordinating their efforts.As a result, the balls were not as bouncy as they were supposed to be and many of them had to be scrapped.The company has decided to contact an OD consultant to help them with team building.As the consultant, what will you tell the company about team building and the team building process?
Real GDP
An adjustment in a country's economic production figures to account for variations in price levels, either through inflation or deflation, to accurately represent the genuine worth of its goods and services.
Nominal GDP
The gross domestic product measured in current prices, without adjusting for inflation.
Base Year
A specific year against which economic growth or other economic indexes are measured, serving as a point of comparison for future or past data.
Hypothetical Country
A theoretical or imaginary nation used for the sake of argument or analysis in economic models or discussions.
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