The Table Below Shows Data for India's Economy

question 300

Multiple Choice

The table below shows data for India's economy. Real GDP is measured in millions of rupees. Suppose that full employment occurs when real GDP is 27,000 million rupees. The economy is experiencing ________ gap and firms will ________.

• A) an inflationary gap; increase production
• B) an inflationary gap; increase money wages paid to workers
• C) a recessionary gap; increase production
• D) a recessionary gap; decrease money wages paid to workers

Recognize employee rights and employer responsibilities under the OSH Act.

Identify factors contributing to workplace safety and ways to address them.

Describe the impact of safety and health trends on HR policies.

Understand the legal framework for antidiscrimination measures in the workplace.

---

Definitions:

Organization Principles

Fundamental guidelines or rules that dictate how an organization is structured and operates to achieve efficiency and goal attainment.

Quality

The extent to which a service or product satisfies or goes beyond what customers hope for.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage.

Marketing Mix

A set of actions, or tactics, that a company uses to promote its brand or product in the market, traditionally defined as the 4Ps: Product, Price, Place, and Promotion.