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3 years ago

The expenditure approach to GDP is a calculation that separates output by each of the _________ major sectors of an economy.

Business

1 answer:

Troyanec [42]3 years ago

8 0

Answer:

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period.

GDP calculated using the expenditure approach: GDP = Consumption spending by households + Government Spending + investment by business + Net Export.

I hope my answer helps you.

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In a firm, if the employees attend a training program, then the time to assemble one unit reduces by 10%. Training program will

fomenos

Answer:

The answer is: C) increase both labor and multifactor productivity

Explanation:

An increase in labor productivity happens when an employee can produce a larger number of units using the same amount of time. Labor productivity is part of the total factor productivity (TFP) or the multifactor productivity (MFP). So when the total labor productivity increases, so will the multifactor productivity.

Usually when one type of productivity increases, e.g. labor productivity, other factors of production will also increase their productivity, e.g. capital productivity will increase also. For example, if the worker is trained better, he will produce 2 more units using the same machinery, so because the labor productivity increased, the capital productivity also increased, i.e. the same machine can now produce two more units. That is why productivity is measured as multifactor productivity (or total factor productivity).

8 0

3 years ago

Which of these best describes a situation in which a country has a "trade deficit"?

FrozenT [24]

I had to look for the options and here is my answer:

The one that best illustrates a scenario that shows a country having a "trade deficit" is when their imports exceed their exports. This means that they have spent more on imports than what they earn on their exports and this creates an imbalance in the nation's economy.

5 0

4 years ago

Read 2 more answers

Holly's ham, inc. sells hams during the major holiday seasons. during the current year 11,000 hams were sold resulting in $220,0

lutik1710 [3]

To find: Breakeven point (in units)
Given: Number of hams sold = 11000
Sales revenue = $220,000
Variable cost = $55,000
Fixed cost = $24,000
Solution: Break-even point (in units) can be calculated as:-
Fixed costs / (sales price per unit-variable costs per unit)
Fixed costs = $24,000
Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
Variable costs per unit = total variable cost/number of units = 55000/11000 = $5
Putting values in the formula,
=24000 / (20-5)
=24000/15
=1600
Breakeven point (in units) = 1600 units

7 0

3 years ago

Fast Auto Service provides a lubrication service for cars. It is known that the mean time taken for this

strojnjashka [21]

Answer:

The answer is below

Explanation:

The z core is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

$z=\frac{x-\mu}{\sigma}\\\\where\ \mu=mean,\sigma=standard\ deviation$ , x = raw score

Given that mean (μ) = 15 minutes per car, standard deviation (σ) = 2.4 minutes.

1) For x > 18:

$z=\frac{x-\mu}{\sigma} =\frac{18-15}{2.4} =1.25$

From normal distribution table, P(x > 18) = P(z > 1.25) = 1 - P(z < 1.25) = 1 - 0.8944 = 0.1056

2) For x < 10:

$z=\frac{x-\mu}{\sigma} =\frac{10-15}{2.4} =-2.08$

From normal distribution table, P(x < 10) = P(z < -2.08) = 0.0188

3) For x > 12:

$z=\frac{x-\mu}{\sigma} =\frac{12-15}{2.4} =-1.25$

For x < 16:

$z=\frac{x-\mu}{\sigma} =\frac{16-15}{2.4} =0.42$

From normal distribution table, P(12 < x < 16) = P(z < 0.42) - P(z < -1.25) = 0.6628 - 0.1056 = 0.5572

6 0

3 years ago

kent company has a sales budget for next month of $800,000. cost of goods sold is expected to be 25 percent of sales. all goods

Stolb23 [73]

The final accounts payable for Kent Company will amount to $211,200

Accounts payable are commitments with a short term. These are typically sums owed to suppliers or vendors for outstanding sums for products or services purchased. On the balance sheet, accounts payable are listed as a line item under current liabilities.

Cost of Goods Sold = Sales * 25%

COGS= 800,000 * 25%

Therefore, the Cost of Goods Sold = $200,000

Purchases = Cost of Goods Sold + Ending Inventory - Beginning Inventory of Merchandise

Purchases = (200,000 + 51,200) - 40,000 = 251,200 - 40,000

Therefore, Purchases = $211,200

Ending Accounts Payable = Beginning Inventory + Purchases - Payments

Ending Accounts Payable = 128,000 + 211,200 - 128,000

Therefore, Ending Accounts Payable = $211,200

The initial accounts payable are paid in the month and used in the month prior.

To know more about Accounts Payable, refer to this link:

brainly.com/question/13230311

#SPJ4

7 0

1 year ago