According to the Expenditure Approach, If Y Is GDP, C $Y = C + I + G - N X$

question 27

Multiple Choice

According to the expenditure approach, if Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net exports, which of the following is the national income identity?

• A) \(Y = C + I + G - N X\)
• B) \(Y = C + I + G + N X\)
• C) \(Y + C = I + G + N X\)
• D) \(Y = ( C + I + G ) / N X\)
• E) \(Y = C + I + G\)

Understand various job evaluation methods and their applicability in determining job worth within an organization.

Recognize the benefits of financial incentives and how they reinforce performance in an organization.

Grasp the concept of pay grades, including how employee salaries relate to pay grade midpoints and rate anomalies.

Comprehend the role of an organization's compensation philosophy in managing conflicts within compensation management.

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Definitions:

Globalization

The way in which corporations or different organizations acquire international impact or initiate operations globally.

Consultation Rights

Rights allowing employees to be consulted on workplace issues before decisions are made by the management.

Company Information

Data related to a business's operations, strategies, financial performance, and legal standing.

Transnational

Refers to entities, activities, or phenomena that cross or operate across national boundaries.