Q1. Consider how the components of Gross Domestic Product (GDP) fit with the Circular Flow model. What does GDP measure? Are all expenditures on goods and services counted in GDP? Why is it important to know how to convert nominal GDP to real GDP?
Q2. 1. Does human resource management (HRM) interest you as a career? Why or why not?
2. What are your experiences working with human resource professionals?
3. Imagine that you must fire an employee. What effect might the employee' s dismissal have on your other workers? Explain how you would tell the employee and your remaining subordinates.