The Above Table Gives Data for the Nation of South

question 57

Multiple Choice

$\begin{array} { c c c c } \hline \begin{array} { c } \text { Real GDP, } Y \\\text { (billions of 2005 dollars) }\end{array} & \begin{array} { c } \text { Consumption expenditure, } C \\\text { (billions of 2005 dollars) }\end{array} & \begin{array} { c } \text { Investment, } I \\\text { (billions of 2005 dollars) }\end{array} & \begin{array} { c } \text { Government expenditure, } G \\\text { (billions of 2005 dollars) }\end{array} \\\hline 100 & 150 & 150 & 100 \\200 & 200 & 150 & 100 \\300 & 250 & 150 & 100 \\400 & 300 & 150 & 100 \\500 & 350 & 150 & 100 \\600 & 400 & 150 & 100 \\700 & 450 & 150 & 100 \\800 & 500 & 150 & 100 \\900 & 550 & 150 & 100 \\\hline\end{array}$
The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. Aggregate planned expenditure is less than actual expenditure if real GDP is

• A)$700 billion.
• B)more than $700 billion.
• C)less than $700 billion.
• D)at the equilibrium level.
• E)Both answers A and C are correct.

Understand the principles of goal-setting theory and its impact on performance.

Identify strategies for applying motivation theories in workplace settings.

Discuss the impact of individual differences on theory effectiveness.

Understand the conflicts and challenges faced during organizational entry and the importance of realistic job previews (RJP).

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Definitions:

Endowment Effect

A cognitive bias in which individuals value an owned object higher than its market value, simply because they own it.

Affect Heuristic

A mental shortcut that influences decision-making based on emotions and feelings.

Street Smarts

Practical knowledge and experience in dealing with everyday situations or challenges, often contrasted with book learning.

Business Decisions

The choices made by the management of a company regarding strategic planning, operations, and policies.