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pickupchik [31]
3 years ago
14

Several European countries spend less time working and more time on leisure activities than the United States. How is this great

er leisure time accounted for in gross domestic product measurements?
Business
1 answer:
Crank3 years ago
3 0

Answer:

The value of Leisure time is not included in GDP.

Explanation:

Gross domestic product or GDP includes the value of final goods and services produced in an economy in a year. It does not include the value of intermediate goods to prevent double counting. It also does not include the value of second-hand goods.  

The value of pollution, crime, leisure, etc. are also not included as they are difficult to express in monetary terms.

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If someone improves productivity by developing a new work process and receives a portion of the productivity savings as a moneta
Helga [31]

Answer:

Gain sharing

Explanation:

Gain sharing pay plan is a system of management gives higher share of financial gain to employees that have higher performance.

The aim of this strategy is to seek improved performance through more involvement and participation of its people.

So in this scenario a person improves productivity by developing a new work process and receives a portion of the productivity savings as a monetary reward.

This is a gain sharing pay plan

8 0
4 years ago
Think about a financial decision you made regarding the purchase of a big-ticket item or investment within the last five years.
vovikov84 [41]
To make a large purchase (most) ask the following questions, worthwhile?, investment opportunities?, lasting of purchase?, and necessity or want.
8 0
4 years ago
Movers Company manufactures sneakers. The production of their new sneaker for the coming three months is budgeted as follows:
Volgvan

Answer:

Option (b) is correct.

Explanation:

Given that,

Budgeted production (September) = 50,000

Direct labor time for producing each sneaker = 2 hours

Direct labor wages average = $15 per hour

Direct labor budget for September:

= Budgeted production of sneaker in September × direct labor time require for each sneaker × Direct labor wages average per hour

= 50,000 × 2 hour × $15

= $1,500,000

Therefore, the direct labor cost budgeted for September is $1,500,000.

5 0
3 years ago
suppose ta hurricane hits alabama causing widespread damage to houses and businesses the governor of alabama places pirce cielin
Mamont248 [21]

Answer:

Shortages of building materials and a slower recovery from the storm

Explanation:

From the question we are informed about an instance, whereby a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. In this case,what most likely result is Shortages of building materials and a slower recovery from the storm.

From law of demand, which expressed that provided other factors remain equal, when price of a good goes higher, then there would be less demand of that good from

people and vice versa. higher price brings lower the quantity demanded, and lower price brings higher the quantity demanded, therefore in the case, above as the price of ceilings on all building materials so that price becomes reasonable people demand more and it leads to Shortages of building materials

6 0
3 years ago
Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue
emmasim [6.3K]

Answer:

a. revenue (R), affecting owner's investment (I)

b. not affecting owner's equity (NOE)

c. expense (E) and affecting owner's investment (I)

Explanation:

Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.

7 0
3 years ago
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