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1 year ago

if the equilibrium output is above the gdp potential then the gap between the output and potential gdp would be called a(n)

Business

1 answer:

Mekhanik [1.2K]1 year ago

6 0

According to the claim, the difference between output current and potential GDP is known as the inflationary gap.

<h3>What GDP means?</h3>

Gross domestic product, also known as GDP, is one of the most popular. It is frequently quoted in reports by authorities, financial institutions, and the financial industry as well as in newspapers, on news channels, and in publications. It is now frequently used as a benchmark for measuring the strength of both national and global industries.

<h3>What is GDP and how is it calculated?</h3>

GDP is calculated as private consumption plus domestic product plus government investment plus (exports – imports). The country's national statistical office often uses the international standard to compute GDP.

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Martinez Manufacturing applies overhead based on direct labor hours. The company estimates that their overhead for the year will

aev [14]

Answer:

The correct answer is C: underapplied by $2,500

Explanation:

Giving the following information:

Martinez Manufacturing applies overhead based on direct labor hours.

The company estimates that their overhead for the year will be $180,000 and that they will use 72,000 direct labor hours.

During the year, Martinez Manufacturing used 75,000 direct labor hours and actual overhead costs were $190,000

We need to calculate if the overhead was under or over applied and in what amount.

Predetermined overhead rate= total estimated manufacturing overhead for the period/ total amount of allocation base

Predetermined overhead rate= 180000/72000= $2.5 an hour

Now, we can calculate the amount of overhead allocated:

Overhead allocated= 75000 hours*2.5= $187,500

Over/under applied= actual overhead - allocated overhead= 190,000 - 185,500= $2,500 underapplied

7 0

3 years ago

In ethics, our conscience is what tells us whether something is ______.

mrs_skeptik [129]

Conscience is the inner feeling which tell us what is right or wrong. It controls our actions, thoughts and behavior. So the answer is: In ethics, our conscience is what tells us whether something is <span>a. Wrong or right</span>.

8 0

3 years ago

Read 2 more answers

Exercise 6-31 (Algorithmic) (LO. 3) Stanford owns and operates two dry cleaning businesses. He travels to Boston to discuss acqu

jekas [21]

,Answer:

See below

Explanation:

With regards to the above, since the restaurant was not acquired, the cost that is related to acquisition of restaurant will be ignored. It means that the $35,750 will not qualify for deduction.

Also, the expenses for considering the bakery $53,700 will not be allowed all at once.

Now, for any amount exceeding $50,000 there will be a reduction of $5,000

Reduced = $53,700 - $50,000 = $3,700

Then,

$5,000 - $3,700 = $1,300 deductions

Now,

$53,700 - $1,300 = $52,400 which is the deduction allowed in 180 months

Deduction per month = $52,400 / 180 = $291.11. Per month

Deduction for 2 months will be = 2 × $291.11 = $582.22

Therefore, eligible deduction = $582.22 + $1,300 = $1,882.22

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3 years ago

Experience the Tour de France (ETF) is a specialty travel agent. They arrange vacations for amateur cyclists who want to experie

OlgaM077 [116]

Answer:

18 minutes.

Explanation:

The standard deviation for the call time is 50 minutes while the average call duration is 25 minutes. The caller has to wait for sometime before the agent answers it because they have 4 agents who take up the calls from the clients. A call arrives every 20 minutes with a standard deviation of 20 minutes. In the given scenario the waiting time can be calculated using the formula below:

t = ( Ф * standard deviation + average call duration * standard deviation )

Solving the equation we get 18 minutes.

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2 years ago

Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers

madam [21]

The correct option is (d).

Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.
Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit.
Each variety has unique characteristics, dangers, and benefits.
The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation.

The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.

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7 0

2 years ago