From 1991 to 1996,the Output Ratio Rose by 2

question 162

Multiple Choice

From 1991 to 1996,the output ratio rose by 2.2 percent while the unemployment rate fell by 1.35 percentage points.This implies an Okun's law coefficient of

• A)5.0.
• B)2.136.
• C)13.8.
• D)41.36.
• E)0.614.

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Definitions:

Performance Appraisal

Performance appraisal is the systematic evaluation of employees' job performance and productivity to understand their abilities for further growth and development within an organization.

Goals

Targets, objectives, or outcomes that an individual, group, or organization aims to achieve.

Forced-Distribution Method

The forced-distribution method involves grouping employees into predefined frequencies of performance ratings.

Performance Ratings

Assessments of an employee's job performance, often used for feedback, development, and decisions about promotions or raises.