Usually, you have to wait 6 months to get your license after you get a permit; if you get your permit in December you can get your license in June.
Answer: $60 million
Explanation: Total output is defined as the total value of all goods produced or services rendered by an individual, group or country. It is the total value which could be amassed from one's input.
Therefore,
An economy with;
Number of workers =2000
Work time of each worker = 1500 hours
Payment rate per hour = $20
Total output = (Number of workers * work time * payment rate per hour)
Total output = 2000 * 1500 * 20
Total output = $60,000,000
Therefore, total output or real gross domestic product of the country is
$60,000,000
Answer:
This decrease in the number of full-time students can be expected to "INCREASE" the labor force participation rate and "DECREASE" the unemployment rate.
Explanation:
The labor force participation rate is the ratio of the number of people employed and those actively seeking employment, to the total labor force.
Unemployment rate is the ratio of the number of those currently unemployed to the total labor force.
If the number of students with part-time jobs increase, then it will lead to an increase in the number of people employed and a corresponding increase in the labor force participation rate.
This will also reduce the number of people unemployed and the unemployment rate.
Answer: (A) a decrease in the population
Explanation: The population of an area can affect the quantity of goods and services demanded for. As more or fewer consumers enter the market there is a direct effect on the amount of a product that consumers (in general) are willing and able to buy. During population increases, more I-Pods would be sold (increase in demand). When the population of consumers decreases significantly, less sales would be made (decrease in demand) until it increases again.
Answer: D. Capacity is easy to predict
Explanation:
Aggregate planning for services involves organising the business areas of companies engaging in service provision or operation companies that also provide a service.
It is generally held that demand is difficult to predict and most services can be inventoried. It is also held that labor is the most constraining resource.
However, capacity in aggregate planning for services is not easy to predict. This is because services are not standadized and are instead varied and mostly unique. Therefore knowing the capacity to give to a service becomes hard to predict.
