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andrew11 [14]
1 year ago
9

Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the follow

ing questions: Year Nominal GDP Real GDP GDP Deflator 2009 ________ $500 100 2010 $551.2 ________ 106 2011 $600.6 $546 ________ 2012 ________ $600.6 120 What is the value of the gross domestic product (GDP) deflator in 2011
Business
1 answer:
Montano1993 [528]1 year ago
5 0

The value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.

<h3>What is the GDP Deflator?</h3>

The GDP deflator is a ratio of the Nominal GDP (current year prices) over Real GDP (base year prices).

The GDP deflator is used to measure inflation as it shows the change in the current prices compared to the base year's prices.

The GDP deflator can be computed as Nominal GDP/Real GDP x 100.

<h3>Data and Calculations:</h3>

Year    Nominal GDP    Real GDP     GDP Deflator

2009                                $500               100

2010          $551.2                                    106

2011         $600.6              $546

2012               ________ $600.6            120

GDP Deflator = Nominal GDP/Real GDP x 100

2011 GDP Deflator = 110 ($600.60/$546 x 100)

Thus, the value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.

Learn more about the gross domestic product (GDP) deflator at brainly.com/question/13505890

#SPJ12

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This kind of resistance from the product leaders is an example of resistance due to breaking routines. Furthermore, there are more types of resistance to change in an organization's culture & structure.

 

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Here is the list of types of resistance to change in an organization’s culture and structure:

• Fear of Failure

Intimidating cultural and structural alterations on the employee can make them doubt their competences. This self-doubt decreases self-confidence and weakens personal development and growth. The workers may resist such alterations without bearing in mind the potential profits of the proposed alterations, as a consequence. The low output might be understood before the workers finally learn and adjust to life with the alterations.

• Loss of Status

Cultural and structural alterations that intimidate to change dominant positions or remove jobs commonly cause strong resistance. Restructuring and reorganization of corporate may include managerial jobs elimination. Middle managers will oppose restructuring and any other agenda that decreases their power and the status they already possess in the organization.

• Non-Reinforcing Reward System

People resist when they do not predict positive prizes for altering their work routines. Workers presume a positive development in their work to voluntarily accept the alteration. A worker is unlikely to help an alteration that is recognized as longer work hours and enlarged pressure to perform.

• Incongruent Group Dynamics

Groups grow and apply conformity to a series of norms that lead the members' behavior. However, conformity to prevailing group norms may deject workers from receiving organizational change. Group norms that disagree with the desired changes need alteration, while the cultural and structural norms that succeed to enhance the organization need promotion.

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Individuals are creatures of habit and see it difficult to abort behavioral customs that the organization think through no longer suitable. They prefer comfort zones by remaining routine role patterns. Hence, people oppose cultural and structural changes that push them out of their comfort zones and need devoting more energy and time acquiring new role patterns.

 

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KEYWORDS : Resistance to change, organization’s culture and structure

Subject  : Business

Class  : 10-12

Sub-Chapter : Organizational Behavior

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