To Avoid Double Counting in the Computation of GDP, GDP

question 64

Multiple Choice

To avoid double counting in the computation of GDP, GDP includes only the value of _____ goods.

• A)final
• B)used
• C)intermediate
• D)investment

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Definitions:

Job Security

The probability that an individual will retain their job; a secure job is one with a low risk of involuntary termination.

Human Resource Practices

Activities and strategies implemented by an organization's human resources department to manage employees, such as recruitment, training, and performance appraisal.

Diverse Workforce

A labor pool consisting of workers with varying characteristics including but not limited to race, gender, ethnicity, age, and sexual orientation.

Human Resources

The department within an organization that focuses on recruitment, management, and providing direction for people who work in the organization; also refers to the employees themselves.