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Nesterboy [21]
3 years ago
9

Which indicators do economists use to determine the state of the economy? Check all that apply.

Business
2 answers:
lesantik [10]3 years ago
8 0

Answer:

The answers are: 1)prices, 4) employment levels  and 5) gross domestic product (GDP)

Explanation:

The main economic indicator economists use to determine the state of the economy is the gross domestic product. The gross domestic product (GDP) includes the value of all the final and legal products and services produced in the country during the year. The increase of the general level of prices is called inflation.    Employment indicators, especially the unemployment rate are very accurate thermometers of the economy. When an economy is hot (low unemployment rate), it means it is growing.  

Cerrena [4.2K]3 years ago
8 0

Answer:

1.)prices

4.) employment levels

5.) gross domestic product (GDP)

Explanation:

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The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2900 units, the actual direct
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Answer:

$5400 Favorable

Explanation:

Standard 2 hour at $15 per hour

Standard hours 2 hour per unit * 2900 units = 5800 hours

Total Standard cost = 5800 hours * $15 per hour =  $87,000

Actual hours = 5100

Actual cost = $81600 / 5100 hours = $16 per hour

Variance = Standard - Actual

Labor hour Variance Favorable = 700 hours (5800 hours - 5100 hours)

Total Labor variance = $5400 ($87,000 - $81,600)

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The consumer price index tries to gauge how much incomes must rise to maintain
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Answer: a constant standard of living

Explanation:

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Rina should try to improve her ad's quality score because even if you pay for an ad, it is not a guarantee that your ad will be picked if it does not have a good quality score.

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3 years ago
One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.
Lyrx [107]

Answer:

Total FV= $46,008.31

Explanation:

Giving the following information:

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FV= PV*(1+i)^n

FV1= 12,000*(1.055^5)= 15,683.53

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3 years ago
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