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Dahasolnce [82]
3 years ago
10

Part 1 Household consumption, which accounts for about _______% of the economy, grew at a 4.2% annualized rate during the second

quarter of 2016.
Part 2 Which component of GDP would cause the largest increase in GDP if it increased by 5%
Business
1 answer:
kykrilka [37]3 years ago
3 0

Answer:

1) Household consumption, which accounts for about <u>68%*</u> of the economy, grew at a 4.2% annualized rate during the second quarter of 2016.

*Data obtained from federal government sources.

2) Since household/consumer spending (consumption) represents almost 70% of the nation's GDP, any change will cause a major change in the total GDP. E.g. if consumption increases by 5%, then the whole economy will grow by 5% x 68% = 3.4%.

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The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 26 percent of its bu
Ghella [55]

Answer: See Explanation

Explanation:

The work done for each day is written below:

Thursday night = 24%

Friday night = 26%

Saturday night = 34%

Wednesday night = 100% - (24% + 26% + 34%) = 100% - 84% = 16%

Let's assume that sales in a week is represented by x. Therefore average sales in week if x = 1 will be 1/4 = 0.25.

Seasonal relative will be:

= Sales in a day /Average sales in a week

Wednesday = 16% / 0.25 = 0.16 / 0.25 = 0.64

Thursday = 24% / 0.25 = 0.96

Friday = 26% / 0.25 = 1.04

Saturday = 34% / .25 = 1.36

3 0
3 years ago
The Financials section of the Business Model Template consists of three boxes. The boxes are titled ________.
madreJ [45]

Answer:

revenue streams, cost structure, and financing/funding

Explanation:

4 0
2 years ago
The federal reserve system is overseen by the _____. department of commerce senate board of governors president
Anni [7]
<span>Option correct is C. Governors. The Federal Reserve System is a reserve system governed by an autonomous and private entity that controls the organizational structure that is overseen by a government agency, called the Board of Governors, located in Washington D.</span>
6 0
3 years ago
Read 2 more answers
Assume markup is based on cost. Find the dollar markup and selling price for the following problem.
uranmaximum [27]

Answer and Explanation:

The computation of the dollar markup and the selling price is shown below

The dollar markup is

= $590 × 20%

= $118

And, the selling price

= Cost + dollar markup

= $590 + $118

= $708

hence, the same would be relevant and considered too

3 0
3 years ago
The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estima
Finger [1]

Answer:

Allocated to Totes =$ 13,620.94

Explanation:

<em>Allocated overhead to totes = OAR × actual direct labour cost </em>

Overhead Absorption Rate(OAR) = Estimated Overhead/Estimated Direct labour cost

Estimated Direct labour cost = (54×530) + (64× 390 )=$53580

OAR = $25,500/$53,580 = 47.59%

Allocated to Totes =  47.59% × (54×530) =  13,620.94  

Allocated to Totes =$ 13,620.94

8 0
3 years ago
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