The Equality Between GDP and GDI in an Economy Implies

question 36

Multiple Choice

The equality between GDP and GDI in an economy implies that the income generated by final goods and services is equal to:

• A) expenditures on intermediate goods and services.
• B) gross private domestic investment.
• C) the total value of final goods and services produced.
• D) total wages and other employee compensation.

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Definitions:

Task Analysis

The process of breaking down a job into its component tasks to identify necessary skills, knowledge, and behaviors for effective performance.

Organization Analysis

Examination of the environment, strategies, and resources of the organization to determine where training emphasis should be placed.

Competencies

The combination of skills, knowledge, and abilities that are required to perform a job effectively.

Training Effort

The intensity and resources devoted by an organization towards improving the skills and knowledge of its employees.