Based on the New Industrial Revolution, What Are the Changes

question 104

Multiple Choice

Based on the new industrial revolution, what are the changes in the trend of ICT?  (Choose all that apply.)

• A) ICT is slowly being replaced by other new technologies such as IT and CT.
• B) The initial phases of ICT focuses on office automation but slowly changed towards changing business flows.
• C) ICT trend is changing slowly with little significant changes.
• D) ICT has become the core in the production systems in the recent years.

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Definitions:

Aggregate Supply Curve

A graphical representation showing the relationship between the overall price level and the total output that producers in an economy are willing to produce at different price levels.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Real GDP Supplied

The total value of all goods and services produced by an economy, adjusted for inflation, reflecting actual productivity and supply.

Wage Rate

The standard amount of pay given for work performed, typically expressed as an hourly, daily, or piecework rate.