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1 year ago

Full-employment gdp is also known as :________

Business

1 answer:

irina1246 [14]1 year ago

3 0

Potential output or potential GDP is also known as Full-employment GDP.

<h3></h3><h3>What do you understand by Full-employment GDP?</h3>

Full Employment GDP is the fictitious GDP level that an economy would reach if it reported full employment or the GDP level that would result in zero unemployment. An economic scenario known as full employment occurs when all of the labor resources are being utilized as effectively as feasible. The term "full employment" refers to the maximum possible level of both skilled and unskilled workers in a given economy. Or more people will be required to produce the goods and services the more the economy produces. However, there will come a point at which all resources are used up and no more output can be created.

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Answer:

The journal entries are as follows:

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Answer:

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2. Conversion cost per equivalent unit: $1,350

Explanation:

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Materials Conversion Materials Conversion

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3 years ago

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vladimir1956 [14]

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10 months ago

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dimaraw [331]

Your answer is going to be B.

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3 years ago

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