If Nominal GDP Increases from One Year to the Next,then

question 114

Multiple Choice

If nominal GDP increases from one year to the next,then

• A)prices and production must both have increased.
• B)prices must have increased.
• C)production must have increased.
• D)prices and production must both have decreased.
• E)production could have increased,decreased or stayed the same.

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Definitions:

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Desired Outcomes

The specific results or goals that an individual or organization aims to achieve through its actions or interventions.

Training

The process of enhancing the skills, capabilities and knowledge of employees for the purpose of improving job performance.