Answer:
The correct option is B. expand the production possibilities of an economy.
Explanation:
Economic growth can be defined as the increase in an economy's production of economic goods and services, often compared from one period of time to another. It can be measured in any of the following:
- Nominal or real (adjusted for inflation) terms.
- Gross National Product (GNP)
- Gross Domestic Product (GDP), etc.
Contributors to economic growth include:
- Increases in capital goods.
- Increase in labor force.
- Technology.
- Human capital.
In simplest terms therefore, economic growth is used to refer to an increase in the aggregate production in an economy.
Answer:
We have the comparison below
Explanation:
1 2 3
Expenses for the year 20000 27000 34000
PVIF at 12% 0.89286 0.79719 0.71178
PV of expenses 17857 21524 24201
Cumulative PV of expenses 17857 39381 63582
EOY MV -1000 -1750 -2500
PV of MV -893 -1395 -1779
Total PW (4000+ PV of expenses - PV of MV) 22750 44776 69361
P/A 0.89286 1.69005 2.40183
EUAC 25480 26494 28879
Answer:
Following is attached the solution to each part of the given question.
I hope it will help you a lot!
Explanation:
Goal displacement, satisficing, and groupthink are the<u> advantages of </u><u>group decision-making.</u>
Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.
During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.
Some of the advantages of the <em>group decision-making</em> include goal <em>displacement, satisficing</em>, and groupthink.
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