Answer:
C. Total debits are equal to total credits
Explanation:
When the end-of-period spreadsheet is complete, the adjustment columns should have:
Total debits equal to total credits.
When this happens, the trial balance is considered to be balanced.
If revenues are greater than expenses, then income statement will give a credit balance. If expenses are bigger than revenues, your income statement will show a debit balance.
Answer:
The labor force is 140 million.
Explanation:
The working-age population refers to the portion of the population that is of the working age. It does not include children and old people.
People who have a job or business are considered employed.
The workers who do not have a job and are actively looking for one are considered unemployed.
Those workers who do not have a job and are not actively looking for one are called discouraged workers.
Working-age population = 200 million
Number of people employed = 135 million
Number of discouraged workers = 10 million
Number of people unemployed = 5 million
Labor force = Number of people employed + Number of people unemployed
Labor force = 135 million + 5 million
Labor force = 140 million
Answer:
1. Increase in real income percentage = 1.5%
2. Rate of inflation = 1.7%
Explanation:
For computing the percentage of how much real income would increase, we have to apply the formulas which are shown below:
The increase in real income percentage would be equal to
= increase in nominal income percentage - increase in price level percentage
= 5.3% - 3.8%
= 1.5%
And, the rate of inflation equals to
Nominal income - the rate of inflation = Real income
2.8% - rate of inflation = 1.1%
So, the rate of inflation = 1.7%
In most of the 1970 period, the fed appear to be most anti-inflation. The United States has been experiencing a pattern of rising prices since the late 1960s.
Inflation refers to an overall rise in the cost of goods and services throughout a nation. Inflation in United States started gradually increasing from yearly rates that had previously been less than 2 percent for several years.
The Federal Reserve tightened policy in 1973 in response to rising inflation rates. However, the Fed loosened its stance before adequately controlling inflation in response to increased unemployment. In December 1976, the annual inflation rate reached a low of 5% before rising once more.
According to the personal consumption expenditure index, prices had increased 7.7% from the previous year by January 1979, raising concerns that inflation would continue to climb. Concern was also raised regarding the US currency, which had declined 13% in value versus.
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Answer:
productivity
Explanation:
to measure a company's productivity hours of labor or number of workers are taken into consideration. means efficient usage of labor
