Answer:
C. 36,800 pounds
Explanation:
The computation of the purchase of raw material is shown below
The Material used in May is 38,000 pounds (19000 × 2pounds)
Add: Ending balance of Material needed 6,400 {(16,000 × 2) ×20%
Less: opening balance of material -$7,600 [(19,000 × 2) × 20%)}
So,
Purchases of raw materials for May is 36800 pounds
Hence, the correct option is c. 36,800 pounds
Answer:
b. receive and process bids for Treasury securities in preparation for the Treasury's auction of securities.
Explanation:
The Fed and their regional banks are authorized by the Federal Reserve Act of 1913 to act as fiscal agents if the Secretary of the Treasury requires them to do so. Theoretically, this shouldn't be a normal activity, it should only happen on demand of the Secretary of the Treasury.
Answer:
Promoting right to work laws.
Explanation:
This is situation where by laws are put in place to stop firm from hiring alternative supply of labour so as to increase monopolistic power on wage determinant and increase of employment opportunities through unionism.
Technology change many of our jobs for example now they have all these gadgets at do things for us
Answer:
The answer is (B) which is the 25 percent of nominal GDP.
Now, the question may arise that what prompted us in choosing the option (b)
This consequentially will take us to the point where we define and discuss on how we calculate for nominal GDP
What is nominal GDP:
Nominal GDP which simply means a group or pattern of measurement of a country gross domestic product. It is usually being analysed at market current prices. Hence, nominal GDP includes all of the changes in market prices that happened during the current or existing year due to inflation or deflation.
How do we calculate for nominal GDP:
It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.
It should also be noted that Nominal GDP is the market value of goods and services produced in an economy in its raw or un-adjusted format for inflation. Real GDP is nominal GDP, adjusted for inflation to reflect changes in real output.
