Economic output is the most common metrics method of evaluating the economic health of a country.
<h3>What is economic output?</h3>
Economic output as the name implies, measures the value of all sales of goods and services produced in a country. It indicates that the amount of output or income per person in an economy.
Economic output shows how much goods and services produced in a country are sold within a period of time.
Hence, economic output is the most common metrics method of evaluating the economic health of a country.
Learn more about economic output here: brainly.com/question/18633771
Answer:
Purchase price parity.
Explanation:
Purchase prices parity is a tool that is used to compare the purchasing power of two currencies by using a certain good. It consider purchasing power of different locations.
Purchase price parity is calculated by dividing price of one basket of goods in one location and an equal basket of goods in another location.
So if we considered purchase price parity in the per capita GDP calculations, we will notice Japanese growth simply wavered during the 1990s.
Answer: Area preference.
Explanation:
According to the question although the initial value of both Allen and Lewis property were similar, the siting of Lewis' condo makes it more valuable than Allen's, because it is closer to the city center. Therefore the economic characteristic at play in the question is that of area of preference, that's what separate the value of both properties.
Answer:
-2500
Explanation:
Incremental revenue is - $10,000. This is because the sour cream product line will drop.
Incremental variable departmental cost savings = $6,000. This is because the company will no longer incurr the variable cost of the sour cream product line.
Incremental savings in fixed cost =
5000 * 30%
= 5000 * 0.30 = 1,500. This is because only 30% of the fixed costs are direct costs, which will no longer be incurred by the company)
Incremental increase in net income =
(Incremental revenue + Incremental variable departmental cost savings + Incremental savings in fixed cost)
-$10,000 + $6,000 + $1,500 = - $2,500
Incremental increase in net income = -2500
