BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economy should get better during the next decade
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The economy GDP rose by 3%
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It could cost up to 20 million dollars to launch a new product
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Junior year will be harder than sophomore year
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Detailed explanation-1: -If, for example, Country B produced in one year 5 bananas each worth $1 and 5 backrubs each worth $6, then the GDP would be $35. If in the next year the price of bananas jumps to $2 and the quantities produced remain the same, then the GDP of Country B would be $40.
Detailed explanation-2: -Economic growth is a broad term that describes the process of increasing a country’s real gross domestic product (GDP). The growth can be measured as an expansion of real GDP or gross national product (GNP) over a given period.
Detailed explanation-3: -Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports).