Business-To-Consumer (B2C) Transactions Are Anticipated to Be the Greatest Area

question 21

True/False

Business-to-consumer (B2C) transactions are anticipated to be the greatest area of e-commerce growth in the coming years.

---

Definitions:

GDP Deflator

A measure of the price level for all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.

Base Year

A specific year against which economic growth or other economic variables are measured.

Nominal GDP

The market value of all final goods and services produced within a country in a given period, measured using current prices without adjustment for inflation.

Real GDP

An assessment of a country's economic production that is corrected for price fluctuations due to inflation or deflation, demonstrating the actual volume of goods and services created.