In Some Service Organisations It Is Believed That for Every

question 24

Multiple Choice

In some service organisations it is believed that for every one customer who has complained there are:

• A) 2 who have not
• B) 20 who have not
• C) 200 who have not
• D) 2000 who have not

---

Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes and inflation, reflecting the real value of goods and services produced.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to deflate or remove the effect of inflation from GDP.

GDP Deflator

An indicator representing the price levels of all newly domestically made final products and services within a country, utilized to convert nominal GDP into real GDP.

Net Domestic Product

The total value of all goods and services produced within a country's borders in a given time period, after accounting for depreciation.