Real GDP Per Person in Richland Is $20,000, While Real

question 26

Multiple Choice

Real GDP per person in Richland is $20,000, while real GDP per person in Poorland is $10,000. However, Richland's real GDP per person is growing at 1 percent per year, and Poorland's real GDP per person is growing at 3 percent per year. After 50 years, real GDP per person in Richland minus real GDP in Poorland is:

• A)positive and greater than $10,000.
• B)positive but less than $10,000.
• C)zero.
• D)negative.

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Definitions:

Refreezing Phase

The last stage in the Lewin's change management model where new behaviors or changes are solidified into the organization's culture, ensuring that the changes are made permanent.

System Stabilization

Measures and actions taken to maintain or restore the stability of a system, ensuring its proper operation and preventing failures.

Unfreezing Phase

The initial stage in the change process where existing behaviors, attitudes, or norms are challenged in preparation for change.

Structuring Phase

A stage in group development where rules, roles, and responsibilities are established to organize how the group functions.