Answer:
Natural unemployment= 4.8%
Cyclical unemployment= 3.3%
Explanation:
Natural unemployment refers to the percentage of people that become unemployed because of natural movement of labor and not because of economic instability.
Natural unemployment= Frictional unemployment + Structural unemployment
Natural unemployment= 3.1 + 1.7
Natural unemployment= 4.8%
Cyclical unemployment is when people become unemployed because of downtime in business cycle. It occurs when there is a big drop in demand and companies are forced to lay workers off.
Cyclical unemployment= Unemployment rate - Natural unemployment
Cyclical unemployment= 8.1 - 4.8
Cyclical unemployment= 3.3%
Answer:
the ending work in process inventory is $91,960
Explanation:
The computation of the ending work in process inventory is given below:
= cost of material + conversion cost
= 22,000 × $1.60 + 22,000 × $2.58
= $35,200 + $56,760
= $91,960
Hence, the ending work in process inventory is $91,960
The same should be considered and relevant
The economic principle is at work here regarding the house is known as progression.
<h3>What is an economic principle?</h3>
It should be noted that economic principle simply means the laws and theories that explain and economic situation.
In this case, the economic principle is at work here regarding the house is known as progression.
Learn more about principle on:
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The one that <span>policies is John Maynard Keynes most likely to disagree with are the below:
</span><span>C.) Citizens working in foreign countries must send back a quarter of their income.
</span><span>A.) Food exporters can export as much wheat as they want, while in the past they were limited to 50 tons.</span>
Answer: $105700
Explanation:
The amount that'll be paid as the cost of the land will be calculated as:
Land purchase = $100,000
Add: Property tax = $2500
Add: Fees = $1000
Add: Grading = $2200
Total = $105700
Therefore, the amount that'll be paid as the cost of the land will be $105700