Answer:
a. a good that is not counted in GDP.
Explanation:
Leisure is not counted in GDP if the leisure activity does not have a market value, and is not exchanged in the markeplace.
For example, going for a walk, or sitting at a park to read are leisure activities that are not considered economically productive, and therefore, are not counted in GDP.
Answer:
Production for 2nd Quarter = 15,000 units
Explanation:
given data
ending inventory of finished goods = 25 %
finished goods inventory at year start = 4,000 units
so we consider here Quarter sales in unit
1 = 12,000
2 = 14,000
3 = 18,000
4 = 16,000
solution
we get here Production for 2nd Quarter that is
Production for 2nd Quarter = Quarter 2 sale + Desired Q2 ending inventory - Beginning Q2 inventory ...................1
so it will be as
Production for 2nd Quarter = Quarter 2 sale + (25% of Q3 Sale) - (25% of Q2 sale)
put here value
Production for 2nd Quarter = 14000 + (18000 × 25%) - (14000 × 25%)
Production for 2nd Quarter = 14000 + 4500 - 3500
Production for 2nd Quarter = 15,000 units
Answer:
Following are the responses to the given question:
Explanation:
Note that others will therefore increase his age by two percent from 2009 to 1992.
And if the trend is running:
We're breaking MLR.3 as it's the same for all -> No different from a permanent designer cannot immediately distinguish the influence of age from the aggregate time effect because age changes per person by the same amount.
Answer:
A shortage can be temporary or long-term, but scarcity always exists.
Explanation:
Scarcity is a basic concept in economics which explains that human wants are unlimited and thus termed insatiable as the resources required to meet those needs are in limited supply.
As such scarcity as a concept has always been in existence and will always b. Shortage on the other hand is a limited supply of an item which may be in the short term or in the long run. While a shortage may be dealt with in time, scarcity will always be in existence.
Answer: B. 10.34%
Explanation:
Based on the information that has been provided in the question, first and foremost, we have to know the amount of interest paid which will be:
= $12400 - $12000
= $400
We tgen calculate the cost of capital which will be:
= 400/12000
= 3.33%
Then, Annual percentage rate will be:
= 3.33% × 365/120
= 3.33% × 3.04
= 10.34%