Examlex

Solved

IBM's Business Strategy to Help Its Clients Prepare for a World

question 238

Multiple Choice

IBM's business strategy to help its clients prepare for a world that is infused with digital intelligence and a world where humans and machines work side-by-side to do things that humans cannot do alone is known as


Definitions:

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, deflating out the effects of inflation.

Nominal GDP

The gross domestic product measured at current market prices, not adjusted for inflation, representing the value of all finished goods and services produced within a country's borders in a specific time period.

Real GDP

Real GDP, or Gross Domestic Product adjusted for inflation, measures the value of all final goods and services produced by an economy in a given period, providing a more accurate economic growth figure.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, allowing for the comparison of economic productivity over time by removing the effect of inflation.

Related Questions