If marginal propensity to save equals 0.50, then the marginal propensity to consume is:_________

If the natural rate of unemployment was 5 percent, the current unemployment rate was 6 percent, and potential GDP was $4,000 bil

Georgia [21]

Answer:

$80 billion

Explanation:

Okun law equation: GDP gap = Actual GDP * ((Unemployment rate - Natural rate)/100)*2)

GDP gap = $4,000 * ((6-5)/100*2)

GDP gap = $4,000 * 0.02

GDP gap = $80 billion

Therefore, $80 billion in an output level thus, would be what the economy would have sacrificed.

7 0

4 years ago

elected data of Islander Company follow: As of December 31, Balance Sheet Data 2017 2016 Accounts receivable $ 500,000 $ 470,000

Nataliya [291]

Answer:

(a) 5.41 times

(b) 3.48 times

Explanation:

(a) Accounts receivable turnover for 2017:

$=\frac{Net\ Credit\ Sales}{Average\ Accounts\ Receivables}$

$=\frac{2,500,000}{462,500}$

= 5.41 times

Working:

$Average\ Accounts\ Receivables=\frac{Sum\ of\ net\ accounts\ receivable\ in\ 2017\ and\ 2016}{2}$

$Average\ Accounts\ Receivables=\frac{475,000+450,000}{2}$

= 462,500

(b) Inventory turnover for 2017:

$=\frac{cost\ of\ goods\ sold}{Average\ Inventory}$

$=\frac{2,000,000}{575,000}$

= 3.48 times

Working:

$Average\ Inventory=\frac{Sum\ of\ inventories\ in\ 2017\ and\ 2016}{2}$

$Average\ Accounts\ Receivables=\frac{600,000+550,000}{2}$

= 575,000

8 0

3 years ago

The purchase of office equipment at a cost of $7,600 with an immediate payment of $4,200 and agreement to pay the balance within

sladkih [1.3K]

Answer:

A. A debit of $7,600 to Office Equipment, a credit of $4,200 to Cash, and a credit of $3,400 to Accounts Payable.

Explanation:

Recognize the Asset - Office Equipment and Accounts Payable Accounts as these are increasing. De-recognize the Cash Account as this account is decreasing.

8 0

3 years ago

In the production of textiles, women would gather and clean the fibers. Once these were complete, the next step would be to ____

svlad2 [7]

Answer: The correct answer is "b. comb and sort the fibers.".

Explanation: Once these were complete, the next step would be to <u>comb and sort the fibers.</u>

The first step was to gather and clean the fibers and then comb and classify the fibers according to their nature.

8 0

4 years ago

Nadira stood outside the mall and asked people which stores they visited and if they bought anything. If they said yes, she aske

Lena [83]

Answer:

In-depth interview

Explanation:

Nadira is conducting a type of qualitative data collection called in-depth interview. In research methodology, in-depth interview is conducted by seeking information face to face from respondents. In some cases, it is done over call or mails for geographically dispersed population.

In case of face to face interview, questions can be asked based on the response from the audience, thereby obtaining in-depth information from them.

5 0

3 years ago

If marginal propensity to save equals 0.50, then the marginal propensity to consume is:__________.