It Is Likely That a Small Increase in a Country's

question 98

Multiple Choice

It is likely that a small increase in a country's saving rate will have

• A) a large effect on per capita real GDP many years later because the increase in saving leads to a slightly higher rate of economic growth which has large effects over time.
• B) a large effect on per capita real GDP immediately because the increase in saving leads to a much larger rate of economic growth.
• C) a small effect on per capita real GDP many years later because the increase in saving will have very little effect on the growth rate.
• D) a small effect on per capita real GDP many years later because the increase in saving will be offset in later years by a decrease in the saving rate.

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Definitions:

External Environment

Factors and forces outside an organization that affect its performance, including economic, social, technological, legal, and political elements.

Organizational Planned Change

A deliberate process initiated by an organization to improve or alter its current state for better results.

HR Planning

The process by which an organization ensures that it has the right number and kind of people, at the right place, at the right time, capable of effectively and efficiently completing tasks that will help the organization achieve its overall strategic goals.

HR Metric

A measurable value that is used to track and assess the efficiency and effectiveness of HR policies and procedures.