Summer Corp., a retailer of consumer electronics, has been experiencing high profits because an increasing percentage of the customers have sufficient disposable income to afford its products. Similar companies have also experienced a boom in customer demand. Which of the following macroeconomic forces is Summer Corp. experiencing?
A)Currency exchange rate
B)Economic growth
C)Interest rate
D)Inflation

Question

Quizplus · Accepted Answer

Summer Corp. is experiencing economic growth, as evidenced by the fact that an increasing percentage of customers can afford their products and similar companies are experiencing increased demand. Economic growth refers to an increase in the production and consumption of goods and services in an economy.