Asked by Riley Taylor on Jun 01, 2024

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Cumulus Inc., an American consumer electronics company, is planning to start its operations in Kilnedia, a country in West Asia. To determine the output of Kilnedia, Cumulus wants to measure the value of finished goods and services produced within Kilnedia's borders by domestic and foreign companies. Given the information, it can be said that Cumulus is most likely to determine the _____ of Kilnedia.

A) Human Development Index
B) Consumer Price Index
C) purchasing power parity
D) gross domestic product

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Human Development Index

A statistical tool that measures a country's overall achievement in its social and economic dimensions, based on factors like life expectancy, education, and per capita income levels.

Purchasing Power Parity

An economic theory and a method used to determine the relative value of different currencies and the exchange rate needed to equalize the purchasing power of different currencies.

  • Recognize the methodologies employed to assess the economic status of nations.
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Zybrea KnightJun 07, 2024
Final Answer :
D
Explanation :
The gross domestic product (GDP) measures the value of finished goods and services produced within a country's borders by both domestic and foreign companies, which aligns with Cumulus Inc.'s intention to determine the output of Kilnedia.