If GDP Is Currently $13 Trillion and Is Growing at a Rate

question 115

Multiple Choice

If GDP is currently $13 trillion and is growing at a rate of 2.3 per cent per year,how long will it take GDP to reach $26 trillion?

• A) About 15 years
• B) About 17 years
• C) About 25 years
• D) About 30 years

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Definitions:

Customer Margin

The profit margin that is generated from a specific customer, calculated by subtracting the costs associated with serving that customer from the revenue earned from them.

Idle Capacity

Unused or underused production capacity within a business, often leading to inefficiency and increased costs.

Time-Driven Activity-Based Costing

A costing methodology that assigns costs to products or services based on the time resources are consumed in producing them.

Customer Cost Analysis

The process of evaluating all costs associated with acquiring and serving customers to determine profitability.