The Share of Interest as a Percent of GDP

question 2

Multiple Choice

The share of interest as a percent of GDP

• A) is at an all time high.
• B) peaked in 1990 and has been trending downward.
• C) continues to absorb an ever increasing share of GDP.
• D) None of the above.

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Definitions:

Arbitration

A method of dispute resolution where an impartial third party, the arbitrator, makes a decision that is usually binding on the parties.

Grievance Procedures

Formalized means by which employees can submit complaints or disputes for resolution by the organization, following specific steps.

Union Steward

An elected representative of union members in the workplace, responsible for enforcing the collective bargaining agreement and assisting members with grievances.

Solicit

To request or seek for something, often by direct appeal or plea.