The Base Year Refers to the Year Whose _______ Are

question 124

Multiple Choice

The base year refers to the year whose _______ are used to calculate _______ for all years.

• A) prices; real GDP
• B) levels of output; real GDP
• C) prices; nominal GDP
• D) levels of output; nominal GDP

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Definitions:

Proactive Behaviours

Actions initiated by an individual to effect positive change in their environment.

Environmental Factors

External elements, including economic, political, social, and ecological factors, that can affect an organization's operations and outcomes.

Individual Factors

Refers to the personal attributes or characteristics that influence a person's behavior and decisions in various situations.

Proactive Behaviours

Actions initiated by an individual to effect change, anticipate outcomes, and engage in future-oriented task management.