Which of the Following Is Correct

question 64

Multiple Choice

Which of the following is correct?

• A)Although levels of real GDP per person vary substantially from country to country,the growth rate of real GDP per person is similar across countries.
• B)Productivity is not closely linked to government policies.
• C)The level of real GDP per person is a good gauge of economic prosperity,and the growth rate of real GDP per person is a good gauge of economic progress.
• D)Productivity may be measured by the growth rate of real GDP per person.

Grasp the differences between Maslow's hierarchy of needs and how it applies to workplace motivation and productivity.

Recognize the theoretical distinctions between McGregor's Theory X and Theory Y and their implications for management effectiveness.

Comprehend the role of psychological and physiological needs in shaping employee motivation and behavior.

Understand the principles of deficit and progression as they relate to motivation according to Maslow.

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in relative prices, causing consumers to substitute away from more expensive items towards cheaper ones.

Employment

Refers to the condition of having paid work or the relationship between an employer and an employee where the employee provides labor in exchange for compensation.

Capital

Financial assets or the financial value of assets, such as cash and goods used to generate income or wealth.

Rent

Payment made, typically on a monthly basis, for the use of someone else's property or land.