The higher a country’s gross domestic product (gdp), the more likely it is that the country is wealthy.
<h3>What is gross domestic product?</h3>
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
The economic growth rate which measures wealth is the rate at which the nominal GDP of a country increases with the passage of time.
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Answer:
No it will not, the statement is incorrect.
Explanation:
if the firm is making a profit, then it means it is growing, so we must determine the firm's growth rate:
firm's growth rate = return on assets (ROA) x (1 - dividends paid)
since we are not given ROA, we must calculate it first:
ROA = net profit x asset turnover = 6% x 2 = 12%
now we go back, firm's growth rate = return on assets (ROA) x (1 - dividends paid) = 12% x (1 - 40%) = 12% x 0.6 = 7.2%
The firm can manage to support an annual growth rate of up to 7.2% before it needs to borrow money or issue new stocks.
The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.
Answer:
$2,000
Explanation:
The total incremental cost of making 75,000 and buying 75,000 units.
Answer:
The surrender cash value is used for the extended term option.
Explanation:
This is where the nonforfeiture clause comes to policyholders aid. The nonforfeiture clause allows the policy holder who has not made payment of premiums within the grace period to be able to get the cash value of his whole life policy(with already paid premiums), recovered either by cash or extended term option or any other agreement made prior. The cash value of his whole life policy could be applied to the extended term option, allowing the policy holder to get a term insurance policy worth the value of his surrender whole life policy minus any loans against it.
