Answer:
B
Explanation:
Real GDP measure total economic output by an economy in a specific geographical boundary regardless of ownership of factors of production, within a year, ceteris paribus.
Real GDP is a good indicator but is not a perfect indicator as underground economy (private tuition whereby taxes and consumption of goods and services) are not accounted for.
Real GDP does not measure Non-Material standard of living like leisure hours, health and life expectancy... It needs other indicators.
Both B and D is a bit effy as:
For D, GDP does not even measure such Non-Material SOL
For B, GDP is not 100 percent accurate on measuring household production (local production? I believe there is no such phrasing as household production as by economics, household is involved in household spending, Contributing to Consumption expenditure in Aggregate Demand.) as there are other factors like presence of underground economy that is not accounted for.
However, B seems like the most accurate ans as it still measures national output.
Answer: One that decreases taxes and increases spending
Explanation: got it wrong
Answer:
You cant change your name unless you message the mods and say it has personal information or give them a reason y you want to change it. Same i wish I changed mine. lol
Explanation:
Answer:
The answer would be $53000.
Explanation:
In simplest words, factory overhead costs or manufacturing overhead costs are the total amount of costs associated with the making of the product or on other factory tasks.
Total manufacturing cost is found by adding all the cost of direct materials, direct labor and overheads. It is shown as below:
Total Overhead Cost = Direct materials + Direct Labor + Overheads
Here direct materials are $16000
Direct Labor = $37000
There are no overheads costs given, so overhead costs will be = 0
Now substituting the values in the formula, we get the following:
Total Overhead cost = 16000+37000+0= $53000
