If Nominal GDP Increased 2 Percent During a Year, While

question 214

Multiple Choice

If nominal GDP increased 2 percent during a year, while real GDP increased 4 percent, the

• A) price level must have increased approximately 2 percent compared to the prior year.
• B) price level must have decreased approximately 2 percent compared to the prior year.
• C) price level must have decreased approximately 50 percent compared to the prior year.
• D) unemployment rate must have increased during the year.

Recognize the concept of power in organizational relationships and its different sources.

Understand the basis and impact of leadership theories, including path-goal and behaviorism.

Differentiate between standard intelligence and emotional intelligence and their relevance to leadership.

Understand the distinctions and overlaps between the roles of a manager and a leader.

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Definitions:

General Decline

A broad decrease in stock prices or market indices, typically pointing to negative market sentiment or economic downturns.

Credit

A setup where merchandise, services, or cash is given in return for a commitment to repay a specific amount of money on a predetermined future date.

Capacity

The maximum output or producing ability of a facility, machine, business, or system under normal working conditions.

Collateral

An asset that a borrower offers to a lender as security for a loan. If the borrower fails to repay, the lender may seize the collateral to recoup losses.