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SCENARIOS
Turkey Hunting Equipment
Around the beginning of fall each year,about 2.7 million turkey hunters all over the United States start looking at catalogs for the perfect item to guarantee that this year they will kill a wild turkey,the most elusive game bird on the North American continent.The devoted turkey stalker can stock up on everything from camouflaged turkey hunting socks,turkey license plate holders,vests with huge pockets for toting dead birds,and hunting videos to turkey decoys,turkey earrings,and turkey callers.Neil Cost is considered the best manufacturer of turkey callers in the world.That is his only product,and each is highly prized by turkey hunters.It is not unusual for a turkey hunter to pay $5,000 for one of Cost's callers.
-Refer to Better World Travelers Club.BWTC's design of travel packages that would appeal to people who liked hiking and camping and packages that appealed to those who liked resorts would indicate the company was using a _____ base.
Real GDP
Gross domestic product adjusted for changes in the price level, providing a more accurate picture of an economy's size and growth.
Consumption
the process by which goods and services are used up by individuals or groups, typically considered the end-use in economic production cycles.
Investment
The act of allocating resources, usually money, with the expectation of generating an income or profit.
Economic Forecasters
Experts who predict future economic conditions based on various indicators and models to guide investors, businesses, and policy making.
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