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Greeley [361]
3 years ago
9

Use the chart to answer the questions. Year Potential GDP Real GDP 2017 $18.17 trillion $18.05 trillion 2018 $18.51 trillion $18

.56 trillion Be sure to put your answer in percentage form, and round answers to two decimal places. a. Calculate the output gap for 2017. % b. Calculate the output gap for 2018. % c. From 2017 to 2018, the output gap became more .
Business
1 answer:
sineoko [7]3 years ago
8 0

Answer:

a. Output gap for 2017 = –0.66%

b. Output gap for 2018 = 0.27%

c. From 2017 to 2018, the output gap became more positive.

Explanation:

The following are given in the question:

Year             Potential GDP                Real GDP

2017               $18.17 trillion               $18.05 trillion

2018               $18.51 trillion              $18.56 trillion

To calculate output gap in percentage form, the following formula is used:

Output gap = ((Real GDP -  Potential GDP) / Potential GDP) * 100 ......... (1)

Therefore, we have:

a. Calculate the output gap for 2017. %

Using equation (1), we have:

Output gap for 2017 = ((18.05 - 18.17) / 18.17) * 100 = –0.66%

b. Calculate the output gap for 2018. %

Using equation (1), we have:

Output gap for 2018 = ((18.56 - 18.51) / 18.51) * 100 = 0.27%

c. From 2017 to 2018, the output gap became more .

Since the output gap in 2017 is negative while the output gap in 2018 is positive; this implies that from 2017 to 2018, the output gap became more positive.

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Differential Analysis for Further Processing
ArbitrLikvidat [17]

Answer:

Dominican Sugar Company

1. Differential Analysis as of March 24:

                                          Raw Sugar       Refined Sugar

                                        Alternative 1       Alternative 2       Difference

Sales volume                        42,000            33,600

Selling price per pound          $1.40              $2.20

Sales revenue                   $58,800          $73,920                 $15,120

Materials requirement      100,000            42,000

Output from process         42,000            33,600

Unit cost                               $0.35              

Cost of materials            $35,000          $35,000

Cost of further refining                           $21,000

Total costs                      $35,000          $56,000                ($21,000)

Net income                     $23,800           $17,920                  ($5,880)

2. Based on cost implications, Dominican Sugar should not refine the raw sugar further.  Further refining will cause the company $5,880 in lost income.  This means that it costs more to refine the raw sugar.

Explanation:

a) Data and Calculations:

                                          Raw Sugar       Refined Sugar

                                        Alternative 1       Alternative 2

Sales volume                        42,000            33,600 (42,000/1.25)

Selling price per pound          $1.40              $2.20

Sales revenue                   $58,800          $73,920

Materials requirement      100,000            42,000

Output from process         42,000            33,600 (42,000/1.25)

Unit cost                               $0.35              

Cost of materials            $35,000          $35,000

Cost of further refining                           $21,000 (42,000 * $0.50)

Total costs                      $35,000          $56,000

Net income                     $23,800           $17,920

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According to Fair Employment Laws, it is illegal to discriminate on the basis of _____. a. age b. race c. sex d. all of the abov
kirza4 [7]
D. All of the above.
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The designated market value:a. is always the middle value of replacement cost, net realizable value, and net realizable value le
eduard

Answer:

a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.

Explanation:

As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.

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The U.S. service economy: a. is easily distinguishable from manufacturing firms. b. accounts for a significant portion of the U.
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Answer:

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