The GDP expressed in constant, or unchanging prices is called real GDP.
Real GDP or Real Gross Domestic Product is the measurement of the value of economic output modified for the changes of prices like inflation or deflation. This modification will transform the measure of the money-value, nominal GDP, into an index intended quantity of total output.
I THINK ITS MIDDLE FINGERS AT THESE AHOLE MODERATORS
Answer:
D. Natural gas refinery
Explanation:
Processing cost system is when identically units are mass produced. It involves assigning materials, factory labour, overhead cost and so on in an effort to value finished goods inventory. Process cost involves allocation of cost for different set in each process. It helps in determining total cost of producing a unit of commodity. It is best suited for the natural gas refinery because of the various steps involved in the processing and manufacturing of products as cost can be identified and allocated for each steps and also because what is produced are identical units which are mass produced.
In order to help the
student expand his/her knowledge I will help answer the question. This in hope
that the student will get a piece of knowledge that will help him/her through
his/her homework or future tests.
The most socially responsible
companies establish codes of conduct for their vendors, setting clear policies
for human rights wages, safety, and environmental impact. In fact many of this
companies have this establish today.
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Answer:
The correct answer is B. If there are 10 plants producing the total domestic consumption of a product and each plant is operating at minimum efficient scale, then each plant accounts for 10 percent of domestic consumption.
Explanation:
It is understood that the total consumption of a product is 100% of it. Therefore, as long as there are 10 plants that, producing at a minimum efficiency scale on an equal basis, cover this total consumption, the percentage of consumption that each plant produces will be 10%.
This is so because 100/10 = 10, provided that it is considered that the production is carried out equitably between each of the production plants.
