What does the process of specialization do for an economy?

Potential real gdp = $200 billion natural rate of unemployment = 6 percent actual rate of unemployment = 12 percent refer to the

VikaD [51]

Answer:

12%

Explanation:

Given that,

Potential real GDP = $200 billion

Natural rate of unemployment = 6 percent

Actual rate of unemployment = 12 percent

Okun's law refers to the law which states the relationship between the losses in the production of a particular nation and the unemployment.

It also indicates that for every 1 percent, the actual rate of unemployment exceeds the natural rate of unemployment, then as a result there is a GDP gap of 2% is generated.

Cyclical unemployment:

= Actual rate of unemployment - Natural rate of unemployment

= 12% - 6%

= 6%

Negative GDP gap:

= 6% × 2

= 12%

Therefore, the of the negative GDP gap as a percentage of potential GDP for the economy is 12%.

5 0

4 years ago

following month. Labor costs are 20% of sales. Other operating costs are $37,000 per month (including $8,000 of depreciation). B

inn [45]

Answer:

$91,600

Explanation:

Since the Cash that was collected from customers in the month of March will be as follows:

A breakdown of each month

For the month of March Sales = 100,000*30% = $30,000

For the month of Feb Sales = 88,000*70% = $61,600

Then the Total Collections = $91,600

therefore, the answer is $91,600

3 0

4 years ago

Alliance Company's budgets production of 39,000 units in January and 43,000 units in the February. Each finished unit requires 4

Ket [755]

Answer:

The correct answer is 160,800 pounds.

Explanation:

According to the scenario, the computation of the given data are as follows:

Budget production in Jan = 39,000 units

Raw material per unit = 4 pounds

So, total raw material needed = 39,000 × 4 pounds = 156,000 pounds

Beginning inventory = 46,800 pounds

Ending inventory = (43,000 × 4 pounds ) × 30% = 51,600 pounds

So, Budgeted material needed = Total raw material + Ending inventory - Beginning inventory

= 156,000 + 51,600 - 46,800

= 160,800 pounds

8 0

4 years ago

Prior to the launch of its financial service, Mint made extensive use of ______ which helped search engines view this business a

Dafna1 [17]

Answer:

Blogs

Explanation:

Blogs are information websites that provides relevant information for a target group in a diary style arranged according to date.

The most recent posts appear first in the website.

Mint has used blogs to provide relevant information to users.

Search engines analyse the contents of websites to determine of they are relevant sources of information.

Mint's blogs have help search engines identify the company as a relevant source of personal financial topics

8 0

3 years ago

Monetary payments a firm makes to pay for resources are called

timurjin [86]

Answer: Explicit Costs
I hope it helps

5 0

3 years ago