Economic Growth Is Driven by Several Factors,including

question 30

Multiple Choice

Economic growth is driven by several factors,including

• A) government investment in welfare.
• B) a progressive tax on income.
• C) education and skill levels of workers.
• D) Social Security.

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Definitions:

Net Working Capital

Current assets minus current liabilities.

Current Ratio

A financial metric that assesses a firm's capacity to meet immediate liabilities using its current assets.

Cash Conversion Cycle

A metric that shows the time span between a company's outlay of cash and its collection of receivables; a measure of liquidity.

Trade Credit

Credit extended by a seller to a buyer allowing the latter to purchase goods or services immediately and pay for them at a later date.