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3 years ago

What is one way GDP could be measured?

Business

1 answer:

Lady_Fox [76]3 years ago

6 0

Answer:

Multiply all goods, services, and structures produced inside our national boundaries in a 12-month period by their prices, then add them up

Explanation:

GDP is the total value of goods and services produced within the boundaries of a country within a specific period. GDP is a measure of a country's productivity. In calculating GDP, economists use finished goods and services to avoid double counting. All goods produced in the country are considered even if foreigners manufactured them.

Costs structures refer to components of fixed and variable costs that impact the success of a start-up. Without cost structures, many businesses will not take off. These costs include the cost of acquiring capital, expenses relating to business registration, and initial office expenses.

In calculating GDP, one has to consider the total value of goods and services produced plus the cost of structures. GDP is an indicator of growth or contraction in the economy.

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The unemployment rate is the percentage of the: Group of answer choices population that is unemployed. adult population that is

IRINA_888 [86]

Answer:

labor force that is unemployed.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.

The unemployment rate is divided into various types, these include;

1. Cyclical unemployment rate (CU).

2. Frictional unemployment rate (FU),

3. Structural unemployment rate (SU).

4. Actual unemployment rate (AU).

5. Natural Rate of Unemployment (NU).

Hence, the unemployment rate is the percentage of the labor force that is unemployed.

8 0

3 years ago

Read 2 more answers

Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But sh

Tems11 [23]

What are the options?

6 0

3 years ago

Specialization and the division of ______ can increase productivity. Please choose the correct answer from the following choices

trasher [3.6K]

Answer:

Specialization and the division of labor can increase productivity.

Explanation:

Specialization is about an <em>invidivual</em> focusing on very specific tasks that are best suited to them according to their skills and knowledge. This concept can be applied to <em>companies</em> and <em>countries</em>, as they specialize on producing a small amount of products they excel at, for having the raw material, knowledge and/or technology to do so.

The division of labor is about breaking down the production process of a good in <em>different parts</em> performed by <em>different people</em> instead of having all workers performing all the tasks. The idea is to let workers be <em>specialists</em> in a small amout of tasks so that they can be more efficient and overall productivity can be greatly increased. This concept was introduced by the <u>'father of economics'</u> Adam Smith in his book "The Wealth of Nations" released in 1776.

Specialization and division of labor are complementing concepts that bring a company an increase in productivity and helps achieve economies of scale.

3 0

3 years ago

Sustainability, health and wellness, and how to more efficiently utilize and distribute food are all considered political trends

Delicious77 [7]

It is a false statement that sustainability, health wellness and distribution of food are all considered political trend.

<h3>What is a political trend?</h3>

These are trends that influenced consumer views and behavior with the new arount the world of politics that always keep viewer interests.

Fir insatance, the trends about Russian war is an example of political trend because it is strictly on politics.

Therefore, It is a false statement that sustainability, health wellness and distribution of food are all considered political trend.

Read more about political trend

<em>brainly.com/question/24811191</em>

8 0

1 year ago

Whoosh Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable ex

tiny-mole [99]

The number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven is 109500.

<h3>Breakeven</h3>

1. Number of cartons

Number of cartons=fixed expenses/contribution margin per carton

Number of cartons=1095000/(16.5-6.5)

Number of cartons=109500

2. Target sales in dollars

Contribution margin ratio=contribution margin per carton/sales price per carton =

Contribution margin ratio=(16.5-6.5)/16.5

Contribution margin ratio=.61

Target sales in dollars=(fixed expenses + target operating income)/ contribution margin ratio

Target sales in dollars=(1095000+312000)/.61

Target sales in dollars=2,306,557

3. Contribution margin income statement

Sales revenue 7,507,500

(16.50x455,000)

Cost of goods sold 5,105,100

(6.50x455,000x68%)

Operating expenses 2,402,400

(6.50x455,000x32%)

Contribution margin 4,550,000

[(16.5-6.5)×455,000]

Fixed expenses 1095000

Operating income 3,455,000

(4,550,000-1,095,000)

4. Margin of safety (in dollars)

Sales revenue - sales revenue at breakeven = margin of safety ( in dollars) - ( sales price per carton x breakeven cartons) = margin safety in dollars

Margin safety in dollars=7,507,500-(16.5x109500)

Margin safety in dollars=7,507,500-1,806,750

Margin safety in dollars=5,700,750

Operating leverage factor =Contribution margin/operating income

Operating leverage factor =4,550,000/3,455,000

Operating leverage factor =1.316

Operating leverage factor =1.32 (Approximately)

5. Operating income

Operating income increase=Sales volume x operating leverage factor

Operating income increase=11%x1.32

Operating income increase=.1452

New volume=Original volume + increase in volume

{[455,000+45,500 x(16.5-6.5)]-1095000}-3,455,000

=[500,500x10)-1095000]-3,455,000

=(5,005,000-1095000)-3,455,000

=3,910,000-3,455,000

=455,000

455,000/3,455,000

=0.132

Inconclusion the number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven is 109500.

Learn more about breakeven here:brainly.com/question/21137380

4 0

2 years ago