The Amount of Annual Losses Companies Suffer from Counterfeit Products

question 20

Multiple Choice

The amount of annual losses companies suffer from counterfeit products is estimated to be

• A)$850 million.
• B)$5 billion.
• C)$48 billion.
• D)$360 billion.
• E)$640 billion.

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Definitions:

Consumer Price Index (CPI)

An indicator used to gauge inflation by examining the weighted average prices of a selection of consumer products and services.

Circular Flow

A model that illustrates the movement of goods, services, and money among households, businesses, government, and the foreign sector in an economy.

Leakages

In economics, it refers to the withdrawal of potential spending from the economy's circular flow, primarily through savings, taxes, and imports.

Household Production

The creation of goods and services by individuals or families within a home environment, not for formal market exchange.