Which of the following is a feature of the 'Data Economy' or 'Attention Economy'?
A. Economic value is increasingly derived from the collection, analysis and monetisation of data and user attention
B. Data has no economic value
C. Only traditional manufacturing matters
D. Only physical goods generate value
Answer: Option A
Solution (By JKSSB Mock Tests)
In the data and attention economy, the ability to collect, process and monetise large volumes of personal and behavioural data, as well as to capture user attention, has become a central source of economic value.
Explanation:
Foreign direct investment is a component of the Capital Account. Current Account includes merchandise trade, invisibles (services), and unilateral transfers.
No comments yet. Be the first to start the discussion!