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.