A Change in the Growth Rate of a Country of One

question 248

Multiple Choice

A change in the growth rate of a country of one percentage point annually has

• A) very little impact on the economy of a country.
• B) a large impact in the future due to compounding.
• C) a small impact in the current year, and smaller impact in the future because of compounding.
• D) a large impact on the economy in the current year, but not in the future.

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Definitions:

Training

Provides learning opportunities to acquire and improve job-related skills.

Tardiness

The act of being late or delaying arrival beyond the expected or scheduled time.

Vertical Loading

Enhancing a job by adding more meaningful tasks and responsibilities that increase the workers' autonomy and control over their work.