Answer:
Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ___equal_____ potential real GDP (assuming a constant price level).
Explanation:
The real Gross Domestic Product (GDP) is the inflation-adjusted estimate of all output produced by the US economy in the current year. On the other hand, the potential real GDP of the United States is the estimate of the inflation-adjusted output that the US economy would produce in the coming period, using its capital and labor resources.
Answer:
COGS= $2,129,700
Explanation:
Giving the following information:
Finished goods inventory:
Beginning= $190,000
Ending= $150,000
Cost of goods manufactured= $2,089,700
The cost of goods sold is calculated using the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 190,000 + 2,089,700 - 150,000
COGS= $2,129,700
Answer: See explanation
Explanation:
Inflation is when the price level of goods and services increase in an economy.
Since Kansas, is eager to enter the job market at an anticipated annual salary of $54,000 while inflation is 3%, the minimum raise that Chun would need to receive next year would be:
= 3% × $54000
= 3/100 × $54000
= 0.03 × $54000
= $1620
The minimum raise will be $1620, therefore he'll be expecting a salary of $54000 + $1620 = $55620
The answer to this question is:
<span>All of the following are intangible assets except??
</span><span>D-"Accounts Receivable."
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