The Price Level of Goods and Services May Be Expressed

question 70

Multiple Choice

The price level of goods and services may be expressed as the ratio of _____________.

• A)GDP to GNP
• B)real output to GDP
• C)Velocity to GDP
• D)real output to velocity
• E)none of the above

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Definitions:

Replacement Charting

A visual tool used in human resources planning that maps out potential internal candidates for future job openings.

Forecasting Labour Supply

The process of estimating the future availability of workers, based on factors like demographic changes, education levels, and economic trends.

Human Resource Planning

Human Resource Planning is the process of identifying current and future human resources needs for an organization to achieve its goals.

Benchmarking

A process of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry.