Is the total market value of final goods and services produced in an economy during a one-year period by factors of production within the nation's borders. it represents the dollar value of the flow of final production over a one-year period.

GDP (Gross Domestic Product)

Explanation:

GDP which is abbreviated as Gross Domestic Product is described as the total value of the complete commodities, services and goods produced within  the domestic boundary of a country under a given time period. The GDP also acts as a measure of the overall domestic manufacturing, it also tends to acts as the detailed and comprehensive report of an nation’s economic health.

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the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20