Exhibit 9-1 GDP and Consumption Data

question 22

Multiple Choice

Exhibit 9-1 GDP and consumption data

As shown in Exhibit 9-1, if equilibrium GDP is $5 trillion, then the total of investment, government spending, and net exports is:

• A) $1 trillion.
• B) $2 trillion.
• C) $3 trillion.
• D) $4 trillion.

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Definitions:

Strategic Planning

The process by which an organization defines its strategy, or direction, and makes decisions on allocating its resources to pursue this strategy.

Tactical Planning

Short-term, detailed planning that supports strategic decisions, focusing on current operations and immediate actions.

Vision

A clear and inspirational long-term desired change resulting from an organization or individual's work.

Human Resource Plans

Strategic documents that outline an organization's approach to managing its workforce, including recruitment, training, development, and retention strategies.