Economic growth, as measured by GDP, is driven by two components: population growth and labor productivity. Labor productivity reflects the capacity for increased output from the existing quantity of labor in the economy. Various government agencies and independent analysts produce measures of labor productivity.
Answer:
Producers can figure out what consumers are willing to pay based on what they buy
The stock exchanges promote the orderly trading of stock shares of the companies that choose to list their shares with the different exchanges. There are over 5,000 companies listed on the two major U.S. stock exchanges: the New York Stock Exchange and the NASDAQ stock exchange.
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Inventoriable costs are often recorded as assets immediately they are incurred.
<h3>What is Inventoriable costs?</h3>
Inventoriable costs can be defined as those cost that has to do with the production of goods.
Inventoriable costs is an asset on the balance sheet based on the fact that the goods or product are often set ready in order to be sold at a specific period of time .
Examples of Inventoriable costs are:
- Direct labor
- Direct materials
Inconclusion Inventoriable costs are often recorded as assets immediately they are incurred.
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