If the Nominal GDP Rises by 6 Percent and the Price

question 86

Multiple Choice

If the nominal GDP rises by 6 percent and the price level rises by 3 percent,then the real GDP __________ by __________.

• A)falls;3 percent
• B)rises;9 percent
• C)rises;3 percent
• D)falls;9 percent
• E)none of the above

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Definitions:

Employee Risk Aversion

The preference of employees to avoid taking risks, often influencing their decision-making and behavior in a workplace.

Organizational Performance

A measure of how effectively and efficiently an organization meets its objectives.

Morale

The overall mood, attitude, satisfaction, and confidence of a workforce or team within an organization.

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the law or contractual terms, often leading to legal action.