(The Following National Income Data Are in Billions of Dollars

question 71

Multiple Choice

(The following national income data are in billions of dollars.) Refer to the above data. National income in this economy is:

• A) $804 billion
• B) $940 billion
• C) $975 billion
• D) $1,019 billion

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Definitions:

Logistics Costs

Expenses associated with the planning, implementing, and controlling the efficient, effective forward and reverse flow and storage of goods, services, and related information.

Customer Service

Assistance and advice provided by a company to those people who buy or use its products or services.

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent in serving the same consumer or customer, involving the production and delivery of a product or service from the supplier to the customer.

Artificial Intelligence

The simulation of human intelligence processes by machines, especially computer systems, enabling them to perform tasks that typically require human intelligence.