Exhibit 9-1 GDP and Consumption Data as Shown in Exhibit

question 129

Multiple Choice

Exhibit 9-1 GDP and consumption data As shown in Exhibit 9-1, if investment is $0.5 trillion, government spending is $1 trillion, net exports are - $0.5 trillion, and GDP is $7 trillion, then GDP will:

• A)remain unchanged.
• B)increase by $2 trillion.
• C)decrease by $2 trillion.
• D)increase by $4 trillion.
• E)decrease by $4 trillion.

Distinguish between variables measured at different levels for proper graphical representation.

Calculate proportions and understand their representation in context.

Understand the strategies to manage labor surplus and shortage.

Identify and apply human resource planning processes and forecasting methods.

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Definitions:

Cash

Liquid currency and resources such as bank deposits that a business has immediate access to for transactions and operations.

Prepaid Insurance

Prepaid insurance is the portion of insurance premiums that has been paid in advance for coverage over future periods, and is classified as a current asset on the balance sheet.

Unearned Revenue

Money received by a business for services or products yet to be delivered or provided; considered a liability until the service or product is delivered.

Utilities Expense

The cost incurred by a business for the consumption of utilities services like electricity, gas, water, and sewage.