Answer:
The cyclical unemployment rate is 4.2%
Explanation:
There is a natural unemployment rate which contains every unemployment rate which is cyclical unemployment plus structural unemployment plus frictional unemployment, so then in order to get cyclical unemployment we will use the below formula:
natural unemployment = Frictional unemployment + Cyclical unemployment +structural unemployment
therefore we are given the natural unemployment rate of 11%
Frictional Unemployment Rate of 4.4%
Structural unemployment rate of 2.4%
then we substitute on the above mentioned formula and solve for cyclical unemployment
11% =4.4% + Cyclical Unemployment Rate+ 2.4% then we transpose and solve for cyclical unemployment rate
11% - 4.4% -2.4% = Cyclical Unemployment Rate
4.2 % = Cyclical unemployment rate
this unemployment rate goes with the business cycle of any business in which if there is a recession in an economy it is accounted for even if there is economic growth it is accounted for.
Answer: True
Explanation:
Looking at the Production Function you will notice that Output increases at different rates to input added. First output increases at an increasing rate then at a constant rate then at a decreasing rate.
This shows the concept of the Law of Diminishing Marginal returns because as more input(labor) was added, at some point the output started increasing at a decreasing rate till it gets to a point where marginal returns will be negative.
The reason for this is that each worker is now working with less capital than before (assuming capital doe not change) and so will only produce less.
The equation for the income statement is Revenues - Cost of goods = Net income. The three major items reported on the income statement are net income, gross profits, and operating income.
The income statement is a statement of the profits and losses of a firm. It consists of three income statements. The Net income is derived by deducting the expenses of the firm from its revenues (Net income = Revenue - Expenses). It may also be calculated by adding the operating income with the non-operating items.
Gross profit is arrived at by subtracting the expenditure made on the products that were sold from the revenue of a firm. The Operating income is the result of subtracting the operating expenses from the gross profit.
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Short answer D
Labor costs could cause that type of inflation as well.
C is eliminated because Push Cost Inflation is cost increase in what it takes to make a product.
B is gone because it is really deflation not inflation. This answer implies a drop in price. Inflation is an increase in price.
A subsides are an increase in capital. That will lower the price or keep it stable. Not A
Answer:
All of the above
Explanation:
Accounting is usually a computer-based method which helps to take care of certain business activities. Accounting is a crucial sector of any business and one slight wrong move can change the complete outlook of a business. Accounting is an information system that helps to process information into numbers. Likewise, it helps to understand how the business is moving and it shows the results of a business decision.
