Other Things the Same, a Country That Increases Its Savings

question 131

Multiple Choice

Other things the same, a country that increases its savings rate will have

• A)higher future capital and higher future real GDP per person.
• B)higher future capital but not higher future real GDP per person.
• C)higher future real GDP per person but not higher future capital.
• D)neither higher future capital nor higher future real GDP per person.

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Definitions:

Internal Equity

In compensation refers to comparisons made by employees to other employees within the same organization.

Classification System

The classification system for job evaluation attempts to group sets of jobs together into clusters, which are often called grades.

Job Evaluation

The process of analyzing and assessing various jobs systematically to ascertain their relative worth in an organization.

Pay Compression

A situation where there is little difference in pay between employees regardless of their skills, experience, or job responsibilities.