Answer:
Higher GDP reflects higher economic growth of an economy
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceeds import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. Measures for calculating happiness. so higher GDP doesn't indicate higher happiness
Answer:
Option A
Explanation:
The Waltham-Lowell method was a labor and manufacturing paradigm implemented in the U.s during the growth of the textile industry, especially in New England, in the broader context of the initial 19th century rapid growth of the Industrialisation.
The program utilized regional labor, sometimes linked to as mill girls, who went from small towns to the fresh textile facilities to make more money than they might at home to live an educated life in "the town." Their lives were very structured-they lived in boarding houses for the corporation and were carried to stringent hours and a value system.
Answer:
$1,200
Explanation:
Actual Cash Value defined either as i) the fair market value of the item, or ii) the Replacement Cost of the item minus depreciation based upon the age of the item that was damaged.
Replacement cost = $2,000
Depreciation= 3 years remaining of it's life = 3/5 × 100 = 60%
Actual cash value = $2,000 × 60% = $1,200.
Answer:
$26.50
Explanation:
The computation of the predetermined overhead rate is shown below:
= Variable overhead rate + fixed overhead rate
where,
Variable overhead rate is $8.30
And, the fixed overhead rate is
= $145,600 ÷ 8,000 direct labor hours
= $18.2
So, the predetermined overhead rate is
= $8.30+ $18.2
= $26.50
We simply added the available overhead rate and the fixed overhead rate so that the predetermined overhead rate could arrive
Answer:
89.44%
Explanation:
As we know that:
Z = (Cash Flow - Mean) / Standard Deviation
Here
Cash flow is the observed value which is the lower limit here and is $11,000
Mean is the average value of the sample and is $16,000
Standard Deviation is $4,000
By putting values, we have:
Z = ($11,000 - $16,000) / $4,000
= -1.25
The Z value lower than -1.25 is 0.1056 or 10.56%
This means that the probability of cash flow lower than $11,000 is 10.56% and the probability of cash flow greater than $11,000 will be
Probability of cash flow = (1- 0.1056) = 0.8944 which is 89.44%
