The Industrially Advanced Nations Had an Average Per Capita Income

question 126

Multiple Choice

The industrially advanced nations had an average per capita income in 2010 of around:

• A) $50,000 per person
• B) $27,000 per person
• C) $39,000 per person
• D) $61,000 per person

---

Definitions:

Downsizing

The reduction of an organization's workforce to improve its efficiency or to cut costs, often involving layoffs.

Social Networks

Platforms and communities where individuals interact, share, and engage with content and each other online, but also a concept in sociology referring to the structure of relationships and connections among individuals or organizations.

High-Involvement Work Practices

Workforce strategies that involve employees in the decision-making processes of an organization, aiming to increase job satisfaction and organizational performance.

Labor Shortages

A situation where there are insufficient qualified candidates available to fill the existing job vacancies within an industry or economy.