Asked by Farid Habibi on Apr 28, 2024
Verified
A declining GDP indicates a(n) ______ economy with ______ opportunity for a firm to increase sales.
A) stagnant or shrinking; little
B) stagnant or shrinking; ample
C) expanding; little
D) expanding; ample
E) stable; no
GDP
Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
Sales Opportunity
A situation or instance where there is a potential for a business to sell its products or services, often identified through marketing and analysis.
- Acquire knowledge about the notions of GDP and industrial production and their contributions to economic health.
- Analyze the business cycle's phases and their economic implications.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
A
Explanation :
A declining GDP is indicative of a stagnant or shrinking economy, where there is generally little opportunity for a firm to increase sales due to reduced economic activity and consumer spending.
Learning Objectives
- Acquire knowledge about the notions of GDP and industrial production and their contributions to economic health.
- Analyze the business cycle's phases and their economic implications.