1MACROECONOMICS Discussion A rise in the level of economic activities is known as economic expansion which is measured by a rise in level of real GDP. It ensures an upturn in the production and usage of resources by attaining a level of efficiency in the process of production of goods and services. The periods are backed by several factors like weather conditions, technical change, monetary and fiscal policies and the availability of credit or interest rates (Mose). Businesses perform efficient in such conditions and often hires new people and train them as per the requirement. Expansion ensures a positive performance the economy with a rise a GDP value. Such efficiency is very good for career opportunities in the future as it will create more jobs. The sectors are now technologically more advanced with the provision of high paid jobs that is effective for the organizational development as per the significant changes in market strategies and outcomes. An economic expansion for ten years ensured that companies for enlarging their scales of production by opening branches, developing new businesses and inventing new products by using innovative technologies that produce goods in bulk amounts at lower cost. This generates aggregate demand and ensured a high level of income which has worked effectively for career development opportunities (Breschi, Stefano, and Camilla). The average per capita income is the highest in US as compared to other economies for being the most productive nation. Large number of American companies have operation in international market from which it extracts huge profits. The standard of living has improved with better education and healthcare. These parameters has worked efficiently in the last ten years such that students are encouraged to study their desired subject in good universities that has provided great career opportunities.
2MACROECONOMICS Reference List Breschi, Stefano, and Camilla Lenzi. "The role of external linkages and gatekeepers for the renewaland expansion of US cities' knowledge base, 1990–2004."Regional Studies49.5 (2015): 782-797. Mose,NaftalyGisore."Renewableenergyandnonrenewableenergyconsumption,Co2 emissionsandeconomicexpansionnexus:furtherevidencefromKenya."Energy Economics Letters4.4 (2017): 36-48.