_____ Are the Inexpensive Goods and Services That Consumers Buy

question 32

Multiple Choice

_____ are the inexpensive goods and services that consumers buy frequently with limited consideration and analysis.

• A)Shopping products
• B)Convenience products
• C)Unsought products
• D)Specialty products

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Definitions:

GDP Per Person

A measure of a country's economic output that accounts for its number of people, indicating average economic productivity per person.

Life Expectancy

The average number of years a person is expected to live, based on current mortality rates and health conditions.

Literacy Rates

The percentage of people within a given population who are capable of reading and writing at a specified age.

Nominal GDP

The aggregate monetary worth of every final good and service created inside a country during a particular period, unadjusted for inflation.