The Goods-Services Continuum Consists of Which Set of the Following

question 19

Multiple Choice

The goods-services continuum consists of which set of the following categories?

• A)No goods, some goods, even mix, some service, no service
• B)Pure goods, core goods, core services, pure services
• C)No service, some service, good service, excellent service
• D)Self-service, help desk service, face-to-face service, service-with-a-smile
• E)None of these

Identify alternative measures of economic well-being beyond GDP, such as GPI (Genuine Progress Indicator).

Grasp the limitations and criticisms of using GDP as the sole indicator of a country's economic health and welfare.

Appreciate the role of government, consumption, investment, and net exports in composing GDP.

Understand the significance of the GDP deflator and its role in distinguishing between nominal and real GDP.

---

Definitions:

Adipose Tissue

The biological term for body fat, a connective tissue that stores energy and protects organs.

Visceral Fat

A type of body fat that's stored within the abdominal cavity and is associated with increased risks of metabolic diseases, such as diabetes and heart disease.

Chronic Diseases

Long-term medical conditions that are generally progressive and may require ongoing management, such as diabetes or heart disease.

Excess Fat

Body fat that exceeds the normal, healthy range and can increase the risk of health problems like heart disease, diabetes, and certain cancers.