Jan Has a Customer in Argentina That She Is Scheduling

question 70

Multiple Choice

Jan has a customer in Argentina that she is scheduling a teleconference with next week. She should be aware that:

• A)Latin American cultures are more flexible with time, so the meeting time may not be certain.
• B)Since Americans tend to be late to meetings, she should call 15 minutes earlier.
• C)Argentinians do not like phone calls, so she should plan a trip to the customer's office.
• D)None of the above.

---

Definitions:

Net Investment

The total spending on new capital minus the replacement of depreciated capital, indicating the actual addition to the capital stock in an economy.

GDP Deflator

An economic metric that converts the gross domestic product (GDP) from current market prices into constant dollar terms in order to measure the real growth of an economy, excluding the effect of inflation.

GDP Deflator

An economic measure of inflation that reflects changes in the price level of all goods and services produced domestically, adjusting nominal GDP into real GDP.

Price Level

The aggregate price mean of the complete variety of goods and services within the economy.