Table 12-12 -Refer to Table 12-12

question 88

Multiple Choice

Table 12-12
$\begin{array}{|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Nominal } \\\text { GDP }\end{array} & \text { Real GDP } \\\hline 2015 & \$ 7,400 & \$ 7,537 \\\hline 2016 & 7,813 & 7,813 \\\hline 2017 & 8,301 & 8,165 \\\hline 2018 & 8,760 & 8,516 \\\hline\end{array}$
-Refer to Table 12-12.Consider the following data on nominal GDP and real GDP (values are in billions of dollars) : The base year used in calculating real GDP is

• A) 2015.
• B) 2016.
• C) 2017.
• D) 2018.

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Definitions:

Preliminary Controls

Early measures or procedures put in place to identify potential risks and prevent future problems, ensuring that organizational objectives are achieved effectively.

Post-action Controls

Mechanisms put in place to evaluate and adjust processes or activities after they have occurred, to ensure objectives are met and to learn from the outcomes.

Feedback Control

A process by which information about the past or present influences the same phenomenon in the present or future, commonly used in management and engineering to regulate systems.

Mistakes

Actions or decisions that are incorrect or unwise, often leading to undesired outcomes.