The economic indicator that reflects the activity of the U.S. entitled without regard to where the activity takes place is GNP.
Gross national product (GNP) is an estimate of the total cost of all the final products and services grown to become out in a given duration via the way of production owned by a country's citizens.
Indicators of financial pastime financial signs consist of measures of macroeconomic performance (gross domestic product [GDP], intake, funding, and international alternate) and stability (central authorities' budgets, expenses, the cash supply, and the balance of payments).
Gross Domestic Product is essential as it offers records about the scale of the economy and the way an economy is performing. The increased price of actual GDP is often used as an indicator of the overall health of the economic system. In wide terms, growth in real GDP is interpreted as a sign that the economy is doing properly.
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Answer:
Temporarily low and so supply a smaller quantity of labor.
Explanation:
Because workers see that their nominal wages are falling, but they fail to see that the price level of goods and services also has fallen by the same percentage (meaning that their real wage has not fallen, but stayed the same), they will likely believe that the reward for their labor is less, so they will have less incentive to work, supplying a smaller quantity of their labor force in the process.
Answer:
<u>Economies Of Scale</u>
Explanation:
Average total cost(ATC) refers to total cost incurred per unit of output produced.
ATC at level of 90 canisters = $1050/90 canisters = $ 11.67 per canister
ATC at level of 120 canisters= $1200/120 canisters = $10 per canister
As can be seen, the average total cost has reduced.
Economies of scale is defined as the phenomena when in the long run, average total cost reduces along with an increase in the output.
The reasons attributable to this phenomena being, increase in labor efficiency and better utilization of resources coupled with bulk quantity of inputs purchased at a lower cost, which lowers the cost of production in the long run.
Answer:
$5,055,000
Explanation:
Note: <em>The full question is attached below</em>
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Particulars Amount
Cash $875,000
Accounts receivable $2,695,000
Less: Installments not due in 2021 <u>($600,000)</u> $2,095,000
[$1,200,000 - ($150,000 * 4)]
Inventory <u>$2,085,000</u>
Total of current assets <u>$5,055,000</u>
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