If Nominal GDP in One Year Exceeds Nominal GDP in the Previous

question 5

Multiple Choice

If nominal GDP in one year exceeds nominal GDP in the previous year, then the production of output

• A)must have fallen.
• B)must have risen.
• C)must have stayed the same.
• D)may have risen, fallen, or stayed the same because there is not enough information to determine what happened to real output.

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Definitions:

HR Planning

The systematic process of forecasting both the future demand for and supply of employees, and the deployment of those individuals within an organization.

Succession Management Programs

are systematic efforts and strategies to ensure the continuous and effective replacement of key personnel in an organization, planning for future leadership needs.

Employment Transitions

Describes the process of changing from one job or career to another, which may involve retraining, relocation, or adjustment to a new work culture.

Talent Pool

A database or list of potential candidates that an organization can draw from when filling positions.