Suppose That 1986 Is Our Base Year (Price Index Equals

question 60

Multiple Choice

Suppose that 1986 is our base year (price index equals 100) and that the 2000 price index was 200.If nominal GDP was $6.2 trillion in 2000,what was real GDP that year (measured in 1986 dollars) ?

• A)$3.1 trillion
• B)$6.2 trillion
• C)$12.4 trillion
• D)$18.6 trillion
• E)$24.3 trillion

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Definitions:

Control

The process of monitoring activities to ensure that they are being accomplished as planned and correcting any significant deviations.

Job Analysis

A systematic process for collecting, documenting, and analyzing information about the content, requirements, and context of specific jobs to inform various HR activities like recruitment, training, and performance evaluation.

Skill Requirements

The specific skills and competencies required to perform a job effectively, including technical, interpersonal, and analytical skills.

People and Innovation Lab (PiLab)

A hypothetical or specific research initiative focused on studying the intersection of human behavior, creativity, and innovative processes within an organizational setting.