SCENARIO 17-2 the Treemap Below Shows the Amounts (Size)measured in Billions of Billions

question 74

Short Answer

SCENARIO 17-2
The treemap below shows the amounts (size)measured in billions of US dollars and percentage changes from prior year (color)of business-to-consumer ecommerce sales last year for North America,Asia Pacific,Western Europe,Central & Eastern Europe,Latin America,and Middle East & Africa.

-Referring to Scenario 17-2,which region has the fastest growth in business-to-consumer ecommerce sales last year?

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Definitions:

Market System

An economic system where decisions regarding investment, production, and distribution are based on supply and demand.

Real Income

The income of an individual or group after adjusting for inflation, reflecting the actual purchasing power of the income.

Government Expenditures

Federal, state, and local government outlays for goods and services, including transfer payments.

Rational Expectations

The economic theory that when making decisions, individuals take into account all available information, including their understanding and predictions of the future.