-One Explanation for the Difference Between the Predicted Output Per

question 102

Multiple Choice

-One explanation for the difference between the predicted output per person and the observed per capita GDP in Table 4.1 is:

• A)differences in per capita capital.
• B)differences in the labor supply.
• C)differences in factor productivity.
• D)differences in labor's share of GDP.
• E)none of the above

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Definitions:

Graphic Rating Scales

A method used in performance appraisals where employees are rated based on predefined criteria using a visual scale such as numbers or symbols.

Critical-Incident Technique

A method used to gather facts about significant occurrences that have a positive or negative impact, aiding in problem-solving and decision-making processes.

Multiperson Comparisons

A process where the performance, abilities, or needs of multiple individuals are evaluated against each other.

Performance Appraisal

refers to the process of evaluating employee performance against predefined benchmarks or objectives, often influencing promotions, pay raises, and development.