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CDs All but Wiped Out the Phonograph Indusry, and Now

question 36

Multiple Choice

CDs all but wiped out the phonograph indusry, and now Apple's iPod and streaming music from companies such as Europe's Spotify are threatening the same fate for CDs. Netflix's approach to delivering movies through the mail and via streaming was a change for Blockbuster, which ultimately filed for bankruptcy. These are all examples of _____ change.


Definitions:

GDP Calculation

The process of determining the Gross Domestic Product of a country, which can include adding up all income earned in the economy or all expenditures made.

Consumption

The use of goods and services by households. It is a primary component of GDP and an indicator of economic health.

Government Purchases

Expenditures by the government on goods and services that are part of a country's national budget.

Net Exports

The difference between a country's total value of exports and total value of imports; positive net exports mean a country exports more than it imports.

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