A Machine That Accepts Input, Processes and Stores Data, and Produces

question 36

Multiple Choice

A machine that accepts input, processes and stores data, and produces output is called a(n) ____.

• A) computer
• B) device
• C) word processor
• D) PC

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Definitions:

Nominal GDP

The gross domestic product measured in current prices, without adjusting for inflation.

Base Year

A specific year against which economic growth or other economic indexes are measured, serving as a point of comparison for future or past data.

Hypothetical Country

A theoretical or imaginary nation used for the sake of argument or analysis in economic models or discussions.

Real GDP

Real Gross Domestic Product measures a country's economic output adjusted for price changes, such as inflation or deflation, to reflect the true value of goods and services produced.