4K Curved Screen Televisions Were Introduced to the Consumer Market

question 44

Multiple Choice

4K curved screen televisions were introduced to the consumer market in April 2014. Led by Korean manufacturers Samsung and LG, prices were high and sales slow for the first two years. Currently, sales are increasing at an increasing rate, they have gained much wider distribution, and new competitors have entered the market. Manufacturers are now realizing profits from the 4K curved televisions, which are in the __________ stage of the product life cycle.

• A) growth
• B) introduction
• C) decline
• D) maturity

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Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes and inflation.

Tax Revenues

The income that is gained by governments through taxation, a primary source of public finance.

Transfer Payments

Payments made by the government to individuals without any expectation of a direct return, such as welfare, social security, and unemployment benefits.

Automatic Stabilizers

Economic policies and programs, such as unemployment benefits and progressive taxation, that automatically help stabilize an economy by increasing spending in a downturn and reducing spending in an upswing without additional government action.