Answer: (C) The production of non durable consumer goods is more stable than the production of durable consumer goods over the business cycle.
Explanation:
The consumer durability of the goods has the significant life span and the production of the non durable goods of the consumer are basically purchased for the immediate consumption over the business cycle so that is why it is more stable as compared to the production of the durable goods.
The example of the durable consumer goods are smartphones, furniture and the other household appliances. On the other hand, the non durable consumer goods are more stable as it contain daily use material like food, clothes and beverages.
Answer:
1) The correct answer is letter "C": spending on goods to be used in future production.
2) The correct answer is letter "B": is considered unsold inventory and counted as a part of investment in current GDP.
Explanation:
1) The Gross Domestic Product (GDP) considers four (4) components: <em>Consumption, Investment, Government, </em>and <em>Net Exports</em> (exports-imports). Investments refer to all goods that are purchased to produce other goods in the future. Final goods to be used or to replace others do not fall into this category.
2) The output of a company is computed within the GDP. Even if the output is not sold after production but it is recorded as part of an organization's inventory, it will be considered in the calculation of the GDP of the year when the production of the good took place.
Answer:
A) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )
B)
i) Change in input price
ii) Change in production cost
iii) Increase in labor supply or increase in capital stocks
Explanation:
A) Effects of higher income taxes on aggregate demand curve
i) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )
B) The factors that will cause the short-run aggregate supply curve to shift
a) Change in input price
b) Change in production cost
c) Increase in labor supply or increase in capital stocks
The inventory cost for burlington is $18,278.
Stock or inventory refers to the goods and substances that a commercial enterprise holds for the last purpose of resale, manufacturing or utilisation. stock control is a area primarily approximately specifying the shape and site of stocked goods.
Stock refers to all of the items, goods, merchandise, and substances held by means of an enterprise for selling in the marketplace to earn a profit. example: If a newspaper supplier makes use of a car to supply newspapers to the customers, handiest the newspaper might be taken into consideration stock. The automobile will be handled as an asset.
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A global recession might limit the benefits of diversifying your investments because most investments may perform poorly if all countries are in a recession
A prolonged period of worldwide economic contraction is referred to as a global recession. As a result of trade links and international financial systems, economic shocks and the effects of recession spread from one nation to the next, causing more or less synchronized recessions in many national economies.
A decline in global per capita gross domestic product (GDP) is one of the factors the International Monetary Fund (IMF) employs to identify global recessions. The IMF defines this decline in global output as having to occur at the same time as a deterioration of other macroeconomic indices, such as trade, capital flows, and employment.
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