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netineya [11]
3 years ago
7

In the last three quarters of the year, a country's GDP (gross domestic product) level is measured at $12 trillion, $12.5 trilli

on, and $13.2 trillion. Based on this data, the economy is in the _____ phase of the business cycle.
Business
1 answer:
Kaylis [27]3 years ago
7 0

Answer:

EXPANSION

Explanation:

Expansion Phase

The expansion phase is the first stage in a business cycle. It is the period in the business cycle where there are increases in GDP, employment, incomes, production and sales. At this stage, investments is booming and there's a steady flow of money supply. When GDP grows for two or more consecutive quarters, it serves as a good indicator for expansion, moving from trough to peak. It is also known as ECONOMIC RECOVERY.

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Which agricultural system trapped many southern blacks in a cycle of debt and poverty despite their hard work?
Citrus2011 [14]

Answer:

sharecropping

Explanation:

Sharecropping is a system of tenancy agriculture . In it a landowner gives a portion of his land to  a labour for the purpose of raising crop . In return , he gets a share of crop raised by him for free.

After the civil war , former slaves were in search of jobs . Due to depression and absence of credit system ,they went into this deal of sharecropping with whites . They also borrowed heavily for getting seeds and fertilizer. Landlords charged high interest rate for that which led them to debt-trap. Landowner also put condition like selling the yield on  their condition  at pre-specified cheap price.

7 0
3 years ago
Discuss the reasons for and against borrowing money
photoshop1234 [79]
You’d like to borrow money because it will fund for whatever you want to purchase or fund, but you’ll have to give it back and depending on interest it would be more expensive.
8 0
3 years ago
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
sertanlavr [38]

Answer: Statement 1 ( Laptop) = Producer surplus

              Statement 2 ( watch ) = Neither

              Statement 3 ( jersey sweater) = Consumer surplus

Explanation:

Hi, Consumer surplus happens when the price that consumers pay for a product or service is less than the price they're willing to pay.

  • <em>Even though I was willing to pay up to $46 for a jersey sweater, I bought a jersey sweater for only $39.  </em>Consumer surplus

Producer surplus<em>  </em> is measured as the difference between what producers are willing and able to supply a good for and the price they actually receive

  • <em> I sold a used laptop for $149, even though I was willing to go as low as $140 .</em>Producer surplus
  • <em>I sold a watch for $59 on eBay last week. This week, someone offered me $145 for it.  </em>neither

Feel free to ask for more if needed or if you did not understand something.

5 0
3 years ago
Olsen Company uses a standard cost system for its production process. Olsen Company applies overhead based on direct labor hours
Digiron [165]

Answer:

1800

Explanation:

5 0
3 years ago
Coastal Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller tr
rosijanka [135]

Answer:Allocated MOH= $16

Explanation:

Giving the following information:

teller transaction processing ($2.80 per teller transaction)

check processing ($0.25 per canceled check)

ATM transaction processing ($0.20 per ATM transaction).

<u>To allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2.8*4 + 0.25*12 + 0.2*9

Allocated MOH= $16

4 0
3 years ago
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