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In reference to the vacancy model,calculate the promotion rate for level 4 if seven individuals in level 3 were promoted and the total number of personnel in level 4 is 63.Round to the nearest whole number.
Current Dollar
A term used to describe the nominal monetary value of goods, services, or financial assets at the current time, without adjustment for inflation.
Real GDP
Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in a given year in real terms.
GDP Deflator
An economic measure that accounts for inflation by converting output measured at current prices into constant-dollar GDP.
Net Domestic Product
A measure of a nation's total economic output, adjusted for depreciation; it is the gross domestic product (GDP) minus the depreciation on a country’s capital goods.
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