The Key Variable in Determining Changes in a Country's Standard

question 71

Multiple Choice

The key variable in determining changes in a country's standard of living is the

• A) interest rate.
• B) inflation rate.
• C) unemployment rate.
• D) population growth rate.
• E) long-run rate of economic growth.

---

Definitions:

Managerial Assignment

Tasks or responsibilities assigned to managers or supervisory positions within an organization.

Balance Sheet Approach

A method in international human resource management that aims to equalize the purchasing power of employees working abroad to that of employees in the home country.

Expatriate Compensation

The package of salary, benefits, allowances, and incentives offered to employees who are sent to work in a foreign country by their employer.

Economic Forces

Represent the various external factors that influence the economy and affect businesses and consumers, such as inflation, interest rates, and unemployment rates.