If Consumption = $5,000;investment = $800,government Purchases = $700,exports =

question 68

Multiple Choice

If consumption = $5,000;investment = $800,government purchases = $700,exports = $30,imports = $60,and transfer payments = $340,then _____.

• A)GDP = $7,400
• B)GDP = $7,740
• C)GDP = $3,140
• D)GDP = $6,470
• E)GDP = $6,840

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Definitions:

Compensation Practices

The methods and guidelines businesses use to determine how to compensate their employees effectively and fairly.

Effectiveness Criteria

Standards or metrics used to assess the success or performance of an employee, project, or organization in achieving its goals.

Reward System

A set of mechanisms for distributing both tangible and intangible returns as part of an employment relationship.

Compensation System

A framework used by organizations to plan, implement, and manage how employees are paid for their work, including salaries, bonuses, and benefits.