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Hospital administrators are considering changing from the traditional method of creating work schedules to a system in which the nurses will choose their own workdays. Choices will be made according to seniority. Which change strategy would likely be best for this endeavor?
Per Capita Real GDP
Real GDP divided by population.
Deflation
A drop in the average cost of goods and services, typically connected with a boost in the purchasing power of money.
Real GDP
An economic metric that measures the value of all goods and services produced by a country in a year, adjusted for inflation, reflecting the real growth.
GDP Deflator
An economic metric that converts the money-value measure of GDP into an index for quantity comparison by deflating price inflation.
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