In Macroeconomics

question 143

Multiple Choice

In macroeconomics

• A) output and income are very different concepts.
• B) output and income are essentially identical.
• C) output is less than income.
• D) output is greater than income.
• E) income is measured in dollars but output is not.

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Definitions:

Values

Core beliefs or principles that guide an individual's or organization's behavior, decision-making, and interactions with others.

Organizational Citizenship

The behavior of an individual that is discretionary, not directly or explicitly recognized by the formal reward system, and that promotes the effective functioning of the organization.

Good or Bad

Terms describing the positive or negative judgement or quality of an action, decision, or outcome within an organizational or general context.

Hierarchy of Values

A ranked system of personal or societal principles and beliefs determining what is most important to an individual or community.