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In the past, ketchup formed an unbecoming "scum" on its surface when exposed to air, so manufacturers created the traditionally shaped ketchup bottle with the narrow opening. When chemicals were developed to reduce this oxidation, it was then possible to sell ketchup in more conveniently shaped containers. Customers, however, rejected bottles that didn't have the traditional ketchup shape. This is an example of the power of ________ in the marketplace.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in a given year at constant prices.
GDP Deflator
A measure of the level of prices of all new, domestically produced, final goods and services in an economy relative to the prices in a base year.
Real GDP
Adjusted Gross Domestic Product for inflation to reflect the actual value of goods and services produced in a country.
NASA Project
Refers specifically to the various missions and research initiatives undertaken by the National Aeronautics and Space Administration (NASA), the United States government agency responsible for the nation's civilian space program and for aeronautics and aerospace research.
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