In the game of economics, workers play a double role, functioning as both consumers and producers. The workers role is unique in the game of economics since they are directly involved. They are the ones who will manufacture, market, sell the products in an economy.
Answer:
so correct option is C. 6.5
Explanation:
given data
natural rate of unemployment = 4%
economy producing = 95%
solution
we know here as Okun's law for the every 1 percentage increase in unemployment rate
GDP of country = 2% lower than potential GDP
but here is country GDP = 5% lower than potential GDP
so there is increase in the unemployment rate = 5% ÷ 2 = 2.5%
and unemployment rate is given = 4%
so effective unemployment rate will be
effective unemployment rate = 4% + 2.5%
effective unemployment rate = 6.5%
so correct option is C. 6.5
Answer:
explain how a command economista diferrs fron
Answer: c.$69 per machine hour
Explanation:
The predetermined overhead rate is the rate that the company forecasted that overhead would cost per hour.
Thomlin Company forecasted that total overhead for the current year will be $11,667,000 with 168,000 total machine hours.
The Predetermined Overhead rate would therefore be,
= Total Forecasted Overhead / Machine Hour
= 11,667,000 / 168,000
= $69.44
= $69
This means that the forecast was that for every Machine Hour, overhead accrued was $69.
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