All categories

2 years ago

What macroeconomic goal is Real GDP used to measure for?

Business

1 answer:

hram777 [196]2 years ago

7 0

Answer: Economic growth

Explanation:

Some of the macroeconomic goals that we've include economic growth, low inflation, low unemployment, improvement on standard of living, balance of payment equilibrium etc.

Real gross domestic product refers to the measure of the output in an economy with the inflation in the economy taken into consideration and it has been adjusted with respect to the inflation. The real gross domestic product measures the economic growth rate.

You might be interested in

In a task assignment situation, in how many different ways can five jobs be assigned to five machines if each job must be assign

Tcecarenko [31]

120
The simple answer is that 5 items can be arranged 5! (5 factorial) different ways. But let's expand upon that brief answer. We have 5 jobs and 5 machines with which to perform those jobs. So let's look at the 1st machine. Any of 5 of the jobs may be assigned to it. Now we have 4 jobs left unassigned. So let's look at the 2nd machine. For that machine, any of the 4 remaining jobs may be assigned to it, leaving 3 unassigned jobs. We can continue in that fashion, assigning at random one the of 3 remaining jobs to the 3rd machine, one of the 2 remaining jobs to the 4th machine, and finally, the only unassigned job to the 5th machine. So there's 5 * 4 * 3 * 2 * 1 = 5! = 120 different ways to assign those 5 jobs to all 5 machines.

3 0

3 years ago

Chhom corporation makes a product whose direct labor standards are 0.8 hours per unit and $34 per hour. In November the company

Irina-Kira [14]

Answer:

$17,000 Favorable

Explanation:

Provided information, we have

Standard hours for each unit = 0.8 hours

Standard Rate per hour = $34

Actual quantity produced = 7,650 units

Actual labor hours used = 5,620

Actual rate per hour = $118,020/5,620 = $21 per hour

Standard hours for Actual output = 7,650 $\times$ 0.8 = 6,120 hours

Labor Efficiency Variance = (Standard Hours - Actual Hours) $\times$ Standard labor rate per hour

= (6,120 - 5,620) $\times$ $34

= $17,000 Favorable

As the amount is positive and actual hours used is less than standard hours the variance is favorable.

4 0

3 years ago

2. What is a stock exchange?

Arlecino [84]

Answer: A stock exchange, share market or Bourse is a place where people meet to buy and sell shares of company stock. Some stock exchanges are real places, like the New York Stock Exchange, others are virtual places the NASDAQ.

Explanation:

5 0

3 years ago

At the end of the prior year, Doubtful Inc. had a deferred tax asset of $18,500,000 attributable to its only timing difference,

iren [92.7K]

Answer:

Journal entries to record Doubtful's income tax expense for the current year.

No Account titles and Explanation Debit'$ Credit'$

1 Income tax expense 8,945,000

Deferred tax asset 3,800,000

[(42,000,000*35%) - 18,500,000]

Income taxes payable 5,145,000

[(14,700,000*35%)]

(To record tax expenses)

2 Income tax expense 1,270,000

Valuation allowance - deferred tax asset 1,270,000

(3,730,000 - 5,000,000

(To record valuation allowance)

7 0

3 years ago

Organizations that are formed to offer services to clients and not make a profit are ____, whereas, ________ are those organizat

forsale [732]

Answer: Option (B)

Explanation:

A nonprofit organization is referred to as or known as a business organization which has been granted the tax-exempt by IRS since its is associated with a social cause and also tends to provide a public benefit. Donations which are made to the nonprofit organization are usually tax-deductible to the individual and organization that tends to make them. Also nonprofit organization does not pays any tax on the donations received.

For-profit corporation is referred to as or known as an organization that tends to aims at earning profit via its operations and thus is mostly concerned or inclined toward it's own interests.

3 0

3 years ago