If GDP Increases from $10 Trillion to $12 Trillion in a Year

question 136

True/False

If GDP increases from $10 trillion to $12 trillion in a year, it can only mean that aggregate output grew by 20%.

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Definitions:

Organizational Commitment

The psychological attachment and loyalty an employee feels towards their organization, often reflected in their willingness to give effort and intention to stay.

Rational Commitments

Decisions or pledges made based on logical reasoning and careful consideration of the facts.

Emotional Commitments

The level of emotional engagement and attachment that an individual has towards a goal, project, or organization.

Organizational Citizenship

The voluntary commitment beyond contractual tasks that employees show towards an organization, often enhancing its performance.