Answer:
King Arthur, right now Avalon's unemployment rate is <u>12.5%</u> but Avalon's natural rate of unemployment is 14.58%. Therefore, the Avalon economy is currently in a expansion.
Explanation:
Number of Unemployed = Labor force - Employed
Number of Unemployed = 24 - 21
Number of Unemployed = 3
The unemployment rate = (3/24)*100
The unemployment rate = 12.5%
The Natural unemployment rate = Frictional Rate + Structural unemployment Rate
The Natural unemployment rate = [(2+1.5)/24]*100
The Natural unemployment rate = (3.5/24) * 100
The Natural unemployment rate = 14.58%
From the solution, the current unemployment rate less than natural rate, thus the Avalon economy is currently in a expansion
B is the answer. you cant acquire many supplies.
Answer:
- government contracting
- advocacy
- entrepreneurial development
- access to capital
Explanation:
SBA is a US government agency whose core mandate is to support the growth of small businesses. The Small Business Association(SBA), promotes economic growth by providing useful resources and information to help them start and develop small businesses.
The SBA supports the advancement of small businesses in the following ways.
- Education and training,
- Providing information and links to affordable credit
- Connecting to government contracts
- Offering business advise
Answer: Marginally - attached worker
Explanation: While calculating the underemployment rate the government usually includes three groups these are : unemployed workers who are actively looking for work; involuntarily part-time workers and marginally attached workers who want and are available to work , but have given up actively looking.
Therefore Pete would lie under the category of<u><em> marginally attached worker who want and are available to work , but have given up actively looking.</em></u>
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Answer:
fixed costs = $255,000
variable costs = (15,000 / 17,000) x $216,750 = $191,250
Explanation:
A flexible budget is prepared in order to compare how budgeted revenues and costs actually worked out. In other words, if actual revenues and costs were similar to the budget previously prepared. A flexible budget adjusts actual results and helps management control how efficient the company was in following their budget. That is why a flexible budget is done after the budgeted period is over.
Fixed costs should not change (that is why they are fixed), but variable costs should change if the actual output was different than the budgeted output.
