Which of the following statements is correct?
a. The consumer price index is a measure of the overall level of prices, whereas the GDP deflator is not a measure of the overall level of prices.
b. If, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent.
c. Compared to the GDP deflator, the consumer price index is the more common gauge of inflation.
d. The consumer price index and the GDP deflator reflect the goods and services bought by consumers equally well.
c
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Employees at La Dola Inc often engaged in hasty decision making that resulted in losses for the company. Because employees were not individually accountable for their decisions, this trend continued
However, when the company introduced a policy of profit-sharing with its employees, they began scrutinizing their decisions carefully before implementing. Explain the reason behind the change in the employees' behavior.
From 2002 to 2014, employment a. declined in health care and food services
b. declined in health care and increased in food services. c. declined in food services and increased in health care. d. increased in health care and food services.