Economists call GDP that uses constant, unchanging prices as
<u>Real GDP</u>
Explanation:
- Real gross domestic product (real GDP for short) is a macroeconomic measure of the value of economic output adjusted for price changes . This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.
- It is calculated using the prices of a selected base year. To calculate Real GDP, you must determine how much GDP has been changed by inflation since the base year, and divide out the inflation each year.
- Real GDP accounts for the fact that if prices change but output doesn't, nominal GDP would change.
- The real economic growth, or real GDP growth rate, measures economic growth as it relates to the gross domestic product (GDP) from one period to another, adjusted for inflation, and expressed in real terms as opposed to nominal terms
The correct answer is- the MRP exceeds the wage rate.
<h3>How does MRP influence wage rates?</h3>
Basic economic theory suggests that wages depend on a worker's marginal revenue product MRP. (this is basically the value that they add to the firm which employs them.)
MRP is determined by two factors: MPP – Marginal physical product – the productivity of a worker.
<h3>What factors increase wages?</h3><h3>Productivity:</h3>
Wage increase is sometimes associated with increase in productivity.
Workers may also be offered additional bonus, etc., if productivity increases beyond a certain level.
Learn more about MRP and wage here:
<h3>
brainly.com/question/21252933</h3><h3 /><h3>#SPJ4</h3>
Answer:
d.factory overhead and direct labor
Explanation:
The conversion cost is a mix of the direct labor and the factory overhead or the manufacturing overhead
In mathematically,
Conversion cost = Direct labor + factory overhead
It is that cost which includes direct labor cost and manufacturing overhead cost only. It means that it excludes the direct material cost. Like - depreciation, factory rent, factory supplies, etc
Answer:
Option D
Explanation:
Board of directors (BoD) are the people who make strategic decisions. As Arielle is given an opportunity to serve BoD, then she is supposed to make strategic decisions and set the goals. She also needs to approve major decisions along with other BOD members.
In Option A, she might not be given any leading HR role.
Option B and C talks about middle/lower managers roles thus they are wrong.
Answer:
132.25 days
Explanation:
average days in inventory is an activity ratio.
Activity ratios calculates the efficiency of performing daily tasks.
average days in inventory = number of days in a period / inventory turnover
inventory turnover = cost of goods sold / average inventory = 138,000 / 50,000 = 2.76
Assuming a 365 day period , 365 / 2.76 = 132.25
