Assume That in 2012 the Nominal GDP Was $350 Billion

question 89

Multiple Choice

Assume that in 2012 the nominal GDP was $350 billion and in 2013 it was $375 billion.On the basis of this information we:

• A) cannot make a meaningful comparison of the economy's performance in 2013 relative to 2012.
• B) can conclude that the economy was achieving real economic growth.
• C) can conclude that real GDP was higher in 2012 than in 2013.
• D) can conclude that real GDP was lower in 2012 than in 2013.

Understand the role of MIS (Management Information Systems) in providing consultative services and managing company operations.

Distinguish between data, information, knowledge, and wisdom in the context of business decision-making.

Describe the structure and purpose of databases, networks, and other key information system components.

Understand the impact of digital initiatives on traditional media strategies and business models.

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Definitions:

Social Technographics

A classification of people according to how they use social technologies, including creators, critics, collectors, joiners, spectators, and inactives.