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
maw [93]
3 years ago
7

Business are hiring workers and GDP starts to increase as consumer spending increases

Business
1 answer:
Grace [21]3 years ago
6 0

Answer:

True

Explanation:

The reason is that the business would only recruit extra employees if the demand of the product is increasing which means that the consumer are spending more on purchasing goods and services which would increase the domestic production that is responsible in increase in GDP of the country. So it is true that increased customer spending increases the domestic production which increase the GDP of the country.

You might be interested in
Which statement best summarizes the law of demand ?
Verizon [17]

Answer:

The answer is D

Explanation:

6 0
2 years ago
When silicon chips are fabricated, defects in materials (e.g., silicon) and manufacturing errors can result in defective circuit
lakkis [162]
<span>"Stuck-at-0 fault" is a term used to describe what fault simulators use as a fault model to simulate a manufacturing defect. When "stuck-at-fault-0" occurs, one of the wires is broken, and will always register at logical 0</span>
6 0
3 years ago
The public debt for the economy is
Paraphin [41]
The public debt is the amount of money that a government owes to outside debtors. Public debt allows governments to raise funds to grow their economy or pay for services. Politicians prefer to raise public debt rather than raise taxes. When public debt reaches 77% of GDP or higher, the debt begins to slow growth.
4 0
3 years ago
Sales (19,500 units at $30 per unit) $585,000 Variable expenses 409,500 Contribution margin 175,500 Fixed expenses 180,000 Net o
vichka [17]

Answer:

                                                                                                   Automated

Sales (19,500 units at $30 per unit)            $585,000            $585,000

Variable expenses                                        409,500               351,000

Contribution margin                                       175,500              234,000

Fixed expenses                                              180,000              252,000

Net operating loss                                          $(4,500)           $( 18,000)

New Cm ratio=  Contribution Margin/ Sales Revenue

                      = $ 234,000 $ 585,000 = 0.4

Break-even point in  dollars=  Fixed Costs/ 1- (variable Cost/ Sales)

                                            =  252,000/ 1- (351,000/ 585,000)

                                             = 252,000/ 1-0.6

                                               = 252,000/0.4= $ 630,000

The resulting $ 630,000 is the break even point at which neither a loss nor a profit is incurred.This can be checked as follows.

Sales                                                                         $ 630,000

Variable Costs  ( 60 % $ 630,000)                          $ 378,000

Contribution Margin                                                   $ 252,000

Less Fixed Expense                                                   <u>$ 252,000</u>

Profit                                                                           <u>       0            </u>

Break even point in units =  Fixed Costs/ Contribution Margin in units

                                         = $ 252,000/ (30-18)

                                          =$ 252,000/ $ 12= 21,000 units

Two Contribution format Income Statements:

                                                                                                   Automated

Sales (26,000 units at $30 per unit)           $780,000            $780,000

Variable expenses                                        546,000               468,000

Contribution margin                                       234,000                312,000

Fixed expenses                                              180,000              252,000

Net operating Profit                                     $ 54,000                $ 60,000

Working:

Variable Costs per unit = $ 409500/19500=  $ 21

After reduction variable costs = $ 21- $3= $ 18

4 0
3 years ago
When economists attempt to predict the spending patterns of U.S. households, they will typically view the _____________________
Digiron [165]
<span>When economists attempt to predict the spending patterns of U.S. households, they will typically view the DAILY COST OF LIVING as a primary determining factor that influences the individual consumption choices that each will make. 

An economist can predict the spending power of the masses if he/she knows how much energy and monetary value is being spent on a daily basis. This way he/she will know the consumption choices that these consumers are making for themselves.</span>
4 0
3 years ago
Other questions:
  • An adjustment for Prepaid Rent would indicate the amount
    11·1 answer
  • The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current
    7·1 answer
  • Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch
    6·1 answer
  • Suppose a firm hires both labor (L) and capital (C) under purely competitive conditions. The price of labor is PL, and that of c
    13·1 answer
  • Consider the economies of Hermes and Gobbledigook, both of which produce gobs of goo using only tools and workers. Suppose that,
    12·1 answer
  • Your friend Michelle is starting a fitness center that specializes in helping people get in shape through exercise and eating he
    15·1 answer
  • Of the 6.25 billion people in the world, 310 million live in North America. What percent of the world's population lives in Nort
    13·1 answer
  • 1. The advantage of trade is a very important concept in economics. In examining trade between two individuals or two countries,
    6·1 answer
  • Duane has a small woodworking business and saves the money for college. He stores his tools in his apartment. Duane would like t
    14·1 answer
  • The general ledger journal entry in the General Fund to record actual expenditures and reversal of the associated encumbrance wo
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!