Which of the Following Statements Is True About Gross National

question 8

Multiple Choice

Which of the following statements is true about gross national income (GNI) ?

• A) GNI per person figures take into account national differences in the cost of living.
• B) The large countries of China and India are among the richest on the measure of GNI per capita.
• C) The GNI data gives a dynamic picture of economic development.
• D) Economist Amartya Sen has argued that development should be assessed less by material output measures such as GNI per capita.
• E) GNI per capita is a much broader economic measure than Human Development Index (HDI).

Identifying internal and external forces for change in organizations.

Distinguishing between types of organizational changes (incremental, strategic, transformational).

Identifying various organization development interventions and their purposes.

Understanding the concept and tools for job redesign.

---

Definitions:

Cross-Price Elasticity

A measure of how the quantity demanded of one good responds to a change in price of another good, indicating whether the goods are substitutes or complements.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at a given price level.

Gala Apples

A variety of apple that is known for its sweet flavor and crisp texture, often used in cooking and baking.

Price-Elastic

Describes a situation in which the demand or supply for a good or service responds significantly to a change in price.