Asked by Briah Hightower on May 16, 2024
Verified
A rapidly growing GDP indicates a(n) ______ economy with ______ opportunity for a firm to increase sales.
A) stagnant; little
B) stagnant; ample
C) expanding; little
D) expanding; ample
E) stable; no
GDP
Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, acting as a broad indicator of economic activity.
Sales Opportunity
A potential revenue-generating event, or lead, that has been identified as having a significant probability of becoming an actual sale.
- Comprehend the principles of GDP and industrial output and their significance within the economic framework.
- Investigate the periods within the business cycle and understand their economic consequences.
Verified Answer
SC
Shamyra CrespoMay 18, 2024
Final Answer :
D
Explanation :
A rapidly growing GDP is indicative of an expanding economy, which typically offers ample opportunities for firms to increase sales due to higher consumer spending and investment.
Learning Objectives
- Comprehend the principles of GDP and industrial output and their significance within the economic framework.
- Investigate the periods within the business cycle and understand their economic consequences.