John Is a U

question 49

Multiple Choice

John is a U.S. citizen who works for Walmart located in France. John's work contributes to:

• A) U.S. GDP, but not U.S. GNP.
• B) U.S. GNP, but not U.S. GDP.
• C) both U.S. GDP and U.S. GNP.
• D) neither U.S. GDP nor U.S. GNP.

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Definitions:

Labour Supply

The total hours that workers are willing and able to work at a given level of compensation, in a specific labor market.

Redeployment

The process of moving employees from one area of the business to another to match the company's workforce with its operational needs.

External Supply

Refers to the availability of resources or inputs, such as labor or materials, from outside an organization that are essential for its operations.

Retraining Employees

Involves updating the skills of employees to keep them efficient in their current jobs or prepare them for new roles within the organization.