The GDP Price Index

question 26

Multiple Choice

The GDP price index

• A)can be interpreted as 100 multiplied by real GDP divided by nominal GDP.
• B)is the difference between nominal GDP and real GDP.
• C)measures the average price level.
• D)can be interpreted as real GDP minus nominal GDP and the resulting difference then multiplied by 100.
• E)is equal to between real GDP minus nominal GDP.

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Definitions:

Managers

Individuals within an organization responsible for directing and overseeing the work of others to achieve the organization's goals.

Balanced Scorecard

A strategic planning and management system that is used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Organizational Performance

Refers to how well an organization is meeting its goals and objectives through the efficiency and effectiveness of its operations and resource use.

Customer Service

The assistance and support provided by a company to those people who buy or use its products or services.