__________ Defines the Contemporary World in Flux, with People on the Move

question 9

Multiple Choice

__________ defines the contemporary world in flux, with people on the move, in which established canons, categories, distinctions, and boundaries are breaking down.

• A)Postmodernity
• B)Indigenization
• C)Diaspora
• D)Hegemony
• E)Globalization

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Definitions:

Price Level

An index reflecting the mean of current prices for a wide array of products and services in the economy.

Imported Raw Materials

Raw or unprocessed goods brought into a country from abroad for use in manufacturing or production.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in a given year, expressed in base-year prices.

Nominal GDP

GDP based on prices prevailing at the time of production.