1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BartSMP [9]
2 years ago
14

Suppose that in 1984 the total output in a single good economy was 12,000 buckets of chicken. Also assume that in 1984 each buck

et of chicken was priced at $16. Finally assume that in 2005 the price per bucket of chicken was $20 and that 26,000 buckets were produced. What was the GDP price index for 1984 using 2005 as the base year?
Business
1 answer:
xxMikexx [17]2 years ago
6 0

Answer:

The GDP price index for 1984 using 2005 as the base year was 80%

Explanation:

The GDP price index:

X/100 = $16/$20

X = 80%

Therefore, The GDP price index for 1984 using 2005 as the base year was 80%

You might be interested in
When immigration adds to the size of the domestic labor pool, which is likely to occur? minimum wage increases. wages decrease p
Grace [21]

Answer:

wages decrease

Explanation:

Labor is a factor of production and has a price like all other inputs. In the economy, labor is a commodity whose price is determined by the forces of demand and supply.  When there is an oversupply of labor, its equilibrium price will decrease.

The equilibrium price of labor is the prevailing wage rate, where  demand matches supply. When immigration adds to the labor force, it means an additional supply of able and willing workers in the markets. There will be many sellers or workers offering to supply labor services to the existing job openings. As a result, the price of labor will reduce as buyers or employers can lower the wage rate and still get the labor services they require.

8 0
3 years ago
Read 2 more answers
Jamestown's location made it a poor choice for settlement because it __________.
Mashcka [7]
Was horrible for growing crops if I remember correctly
3 0
2 years ago
Porter Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product.
kkurt [141]

Answer:

1,370.85 Unfavorable

Explanation:

Standard rate :

= Budgeted variable overhead costs ÷ Budgeted direct labor hours

= $13500 ÷ 640

Direct labor hours = $21.09 per direct labor hour

Standard time to produce goods :

= Budgeted direct labor hours  ÷ Production volume

= 640 ÷ 6,400

= 0.10 hours

VOH Efficiency Variance

= ( SH − AH ) × SR

where,

SH are standard direct labor hours allowed

AH are the actual direct labor hours

SR is the standard variable overhead rate

(SH − AH ) × SR

= [(4,200 × 0.10) - 485] × $21.09

= (420 - 485) × $21.09

= 1,370.85 Unfavorable

5 0
3 years ago
The December 31, 2016 balance sheet of Jensen Company showed Equipment of $76,000 and Accumulated Depreciation of $18,000. On Ja
Blababa [14]

Answer:

A. $54,000

B. $9,000

Explanation:

A. Computation for the depreciable cost of the equipment

Book value, 1/1/17 $58,000

($76,000 – $18,000)

Less salvage value $4,000

Depreciable cost $54,000

($58,000-$4,000)

Therefore the depreciable cost of the equipment is $54,000

B. Computation for the revised annual depreciation

Revised annual depreciation = $54,000÷6 years

Revised annual depreciation = $9,000

Therefore the revised annual depreciation is $9,000

6 0
2 years ago
Why are citizens punished with sin taxes​
horrorfan [7]

Answer:

Sin taxes are typically added to liquor, cigarettes, and goods that are considered morally hazardous. Because they generate enormous revenue, state governments favor sin taxes. ... The sin tax seeks to reduce or eliminate consumption of harmful products by making them more expensive to obtain

Explanation:

5 0
2 years ago
Other questions:
  • If a corporation offers 1,000 shares of stock and you buy 300 shares:
    9·1 answer
  • A company launched four new products. The market price, in dollars, of the four products after different number of years is show
    15·2 answers
  • What are the disadvantages of choosing the lease? Check all that apply.
    14·2 answers
  • The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below.
    6·1 answer
  • On March 1, 2015, Landon Company acquired real estate on which it planned to construct a small office building. The company paid
    5·1 answer
  • Which of the following is the LEAST important for providing quality customer service
    5·2 answers
  • In the context of employee engagement, it is observed that the highly engaged employees feel a deep connection to their company.
    10·1 answer
  • Importance of planning such as an Intervention​
    14·1 answer
  • As regional manager of a dollar store chain, kamile compares weekly sales reports from each store with projected sales goals and
    11·1 answer
  • there is a growing emphasis on strategic supply management processes and less on purchase transactions.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!