Answer:
3.63yrs
Explanation:
CExplanation: C) Investment / Annual cash flows$2,900,000 / 800,000 = 3.63 yrs
Answer: In macroeconomics, gross domestic product (GDP) is a macroeconomic magnitude that expresses the monetary value of the production of goods and services of final demand of a country or region during a determined period, normally one year or quarterly.
GDP can be measured by adding up all the final demands for goods and services in a given period. In this case, the destination of the production is being quantified. There are four major areas of spending: household consumption (C), government consumption (G), investment in new capital (I) and the net results of foreign trade (exports-imports).
And it can also be measured by adding the income of all the factors that contribute to the production process, such as wages and salaries, commissions, rents, copyrights, fees, interests, profits, etc. The GDP is the result of the calculation by means of the payment to the factors of the production. All this, before deducting tax.
Thus the statements "b. An increase in Social Security expenses" as government expenses, "c. An increase in retirement and pension benefits to elderly citizens" as subsidies or transfers, and "
d. An individual receiving an annual performance bonus of $5,000" as financial interest are likely to increase a country GDP.
The economic growth in the recruitment letter was demonstrated as a result of industrial production.
<h3>What is economic growth?</h3>
A stable uplift in the economic conditions, in comparison to the previous economic period(s), is regarded as an economic growth. It is driven by many external factors.
In the recruitment letter, it was found that the increase in the industrial productivity led to extreme economic growth in the United States of America.
Hence, the reasons for the economic growth have been aforementioned.
Learn more about economic growth here:
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