According to the BEA, in the Second Quarter of 2012

question 263

Multiple Choice

According to the BEA, in the second quarter of 2012 personal consumption expenditures grew by 1.7 percent, gross private domestic investment grew by 3.0 percent, government expenditure on goods and services decreased by -0.9 percent, imports grew by 2.9%, and exports grew by 6.0%. Given these data, it is most likely that

• A) GDP growth was positive in the 2nd quarter.
• B) GDP growth was negative in the 2nd quarter.
• C) the economy hit a business cycle peak.
• D) the economy hit a business cycle trough.

---

Definitions:

Reward System

Mechanisms within an organization designed to recognize and reinforce employee behavior, contributing to the achievement of company goals.

Corporate Philosophy

The fundamental values, beliefs, and principles that guide an organization's decision-making and behaviors, shaping its culture and identity.

Bureaucratic Organization

A formal organizational structure characterized by a clear hierarchy, strict rules, and specialized roles, often found in governments and large corporations.

Flatter Organization

An organizational structure with fewer hierarchical levels, encouraging more direct communication and collaboration.