If Real GDP in Year 1 Is $72 Million and Real

question 153

Multiple Choice

If real GDP in year 1 is $72 million and real GDP in year 2 is $87 million,then the growth rate of real GDP is

• A)15 percent.
• B)$15 million.
• C)20.8 percent.
• D)17 percent.
• E)83 percent.

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Definitions:

Righttosue Clause

A provision within a contract or law that grants an individual the authority to pursue legal action should their rights be violated.

Just Cause

A legal standard that employers must meet to justify disciplinary actions or termination, proving that actions taken were due to reasonable grounds.

Economic Reason

Refers to motivations or justifications based on economic factors, such as cost, efficiency, or profitability.

Bumping Rights

Preferential rights allowing more senior employees to displace less senior ones in certain job positions during layoffs or organizational restructuring.