Goods and services that are not sold in markets,such as food produced and consumed at home,are generally not included in GDP. Can youthink of how this might cause the numbers inthe second column of Table 3 to be misleadingin a comparison of the economic well-being ofthe United States and India? Explain.
CONTINUED NOTES: February 1 -5 st th ** All topics covered were stressed by Professor Johnson to write down and study** ******THIS IS NOT THE NOTEPACKET****** 27) Douglas McGregor: Responsible for Theory X and Y, believed no one type of management was worse than the other, best to be interactive and directive Theory X and Y: Perspective of managers, they are a reflection of how managers believe work should be done. Theory X: Directive, Assembly Line Companies Theory Y: Interactive, Google Theory X MGMT Theory Y MGMT Dislike work Willing to work Lack ambition Capable/ creative Follow not lead Self controlled Resist change Self directed Irresponsible