A Skydiving Experience Cannot Be Touched Like a Physical Object

question 31

Multiple Choice

A skydiving experience cannot be touched like a physical object, but is still considered a product. To a marketer, this is an example of

• A) a utility.
• B) a production.
• C) a value.
• D) a service.
• E) an idea.

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Definitions:

Real GDP

Adjusted Gross Domestic Product for inflation to reflect the actual value of goods and services produced in a country.

NASA Project

Refers specifically to the various missions and research initiatives undertaken by the National Aeronautics and Space Administration (NASA), the United States government agency responsible for the nation's civilian space program and for aeronautics and aerospace research.

GDP

The entirety of the market or monetary valuation of completed goods and services that have been produced within a country's frontiers in a specific time frame is referred to as Gross Domestic Product.

Underground Economy

Economic activities that occur outside of the official market and are not recorded in the gross national product or gross domestic product.