12. Georgia, a licensed orthopedic surgeon lives in Denmark, where the government runs the healthcare system. Although she understands the reasoning behind this (more people will have the opportunity to be served), she is interested in exploring the possibility of moving to New Zealand, where the healthcare system permits her to set-up her own medical practice and even charge her own rates for medical care. If she leaves Denmark, we could say that her decision correlates with other highly skilled individuals who have done the same. In business, we call this phenomenon " a. medical magistrate b. brain drain C. purposeful direction d. economic fall-out 13. is the total value of goods and services produced domestically in one year. a GDP-Gross Domestic Product b. Consumer Price Index C. PPI-Producers Price Index d. GO - Gross Output 14. Two consecutive quarterly declines in the gross domestic product constitutes a/an a. Deflation. b. Inflation C. Depression d. Recession 15. Which of the following is a good definition for "inflation"? a. A decline of prices over a one-year time-period. b. An economic condition that proves beneficial to companies who are experiencing it. c. When prices rise exclusively for luxury items. d. Rising prices. 16. The is the measurement of a "market basket of goods that determines the pace of inflation. a. Producer price index b. Consumer price index C. Consumer sentiment index d. Volatility index