With the Internet, Even Very Small Specialized Firms Can Draw

question 246

True/False

With the Internet, even very small specialized firms can draw customers from all over the world.

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Definitions:

Real Per Capita Output

The total real output of an economy divided by the population, measuring the average economic output per person in real terms, adjusted for inflation.

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the actual productivity of an economy.

Real GDP

Gross domestic product adjusted for inflation; gross domestic product in a year divided by the GDP price index for that year, the index expressed as a decimal.

Per Capita GDP

The total Gross Domestic Product of a country divided by its population, indicating the average economic output per person.