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Which performance appraisal techniques is useful for identifying specific examples of good and poor performance and for planning how deficiencies can be corrected?
Real GDP
The calculation of a nation's economic production, corrected for changes in prices due to inflation or deflation, to accurately represent the actual worth of the produced goods and services.
Economic Prosperity
A state of economic health in a country, characterized by a strong economy, low unemployment, and high levels of consumer spending.
Physical Capital
Assets used in the production of goods and services that are tangible, such as machinery, buildings, and equipment.
Human Capital
The economic value of the skills, knowledge, and experiences possessed by an individual or population.
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