Answer:
a. not part of GDP because it is a transfer payment.
Explanation:
Unemployment compensation includes the funds given to a worker who is currently without a job but actively seeking one. Usually, it is funded from the taxes given to the state by employers.
GDP is the measure (in terms of money) of all goods made or services given in a time period (usually a year) in a particular country. Since the unemployment compensation does not reflect any produced goods or services, it is a <em>transfer paymen</em>t. Thus, it is not included in the GDP.
Answer:
$1000
Explanation:
Given the policy coverage = $30000
The amount of deductible = $1000
Total damage of the car when the accident occurred = $6200
Below is the calculation to find the amount that Frank has to pay:
The amount payable by Frank out of pocket = Deductible amount
The amount payable by Frank out of pocket = $1000
Answer:
Net profit= $21200
Explanation:
Giving the following information we need to calculate the net profit or loss:
Revenues:
Fees for computer repairs $ 41,600
Fees for printer repairs 5,950
Total revenues= 47550
Expenses: (-)
Advertising expense 5,700
Salaries expense 18,500
Telephone expense 850
Utilities expense 1,300
Total expense= 26350 (-)
Net profit= 21200
Answer:
The answer is £0.2055/$
Explanation:
Exchange rate is the price of one currency in terms of another. It is also the number of units of one currency(price currency) that one unit of another currency(base currency) will buy.
In US, an ounce of gold = $20.67
In british, it costs £4.2474
Therefore, exchange rate of pounds per dollar =
£4.2474/$20.67
=£0.2055/$
Answer:
Compromising
Explanation:
In business, a compromising management style refers to a style that's also called "lose-lose", this means that both sides of the conflict make sacrifices in order to reach a solution to the conflict. In other words, both sides give in on some points of their original position.
In this example, there are uncertain economic positions. <u>The workers agree to a lower wage package (this would be a "lose" for them since they would likely don't want a lower wage package originally) in exchange for job security (in this case, the plant, since there are uncertain economic positions wouldn't originally want to give them such a job security so it would be a "lose" for them).</u> We can see that both sides made sacrifices so this would be an example of compromising.
