Asked by Wendy Thurmond on Jul 04, 2024
Verified
Dawson Inc. is an American smartphone manufacturer. It recently started its operations in Janikia, a country in South America. Its main focus is on selling its smartphones to consumers in Janikia. Which of the following factors of gross domestic product (GDP) can help Dawson determine the likely demand for its smartphones in Janikia?
A) Private consumption
B) Gross investment
C) Government spending
D) Industry regulation
Private Consumption
Expenditures by individual households or residents of a country on goods and services, not including purchases for business or investment purposes.
Gross Investment
The total amount of money spent on capital projects before deducting depreciation or other allowances for the wearing out of assets.
Government Spending
The total amount of money spent by the government on various sectors including public services, welfare, defense, and infrastructure.
- Distinguish the indicators applied in gauging the economic prosperity of countries.
- Understand the principle of capital within economic environments.
Verified Answer
Learning Objectives
- Distinguish the indicators applied in gauging the economic prosperity of countries.
- Understand the principle of capital within economic environments.
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