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Differentiate between real gdp and nominal gdp

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You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. You are asked to write a professional document that discusses the concepts below.

-Define Gross Domestic Product (GDP).
-Differentiate between Real GDP and Nominal GDP.
-Explain how the GDP of the U.S. may influence the sale of smartphones by TOF.
-What percentage of the GDP is attributed to the sale of cellular phones (including carrier services) in the United States?
-Define the Human Development Index (HDI).
-Explain if the HDI has an influence on the sale of smartphones in the U.S.
-Which aspect of the HDI might influence the sale of smartphones?
-Identify the target audience for the sale of smartphones in the U.S.

Reference no: EM132955824

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