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Oxana [17]
4 years ago
12

In practice, economists: agree about what the level of potential output is but disagree about what policies are appropriate. dis

agree about what the level of potential output is but agree about what policies are appropriate. agree about what the level of potential output is and about what policies are appropriate. disagree about what the level of potential output is and about what policies are appropriate.
Business
1 answer:
dsp734 years ago
8 0

Answer:

agree about what the level of potential output is but disagree about what policies are appropriate.

Explanation:

Economic science is plural and has different observational perspectives. In general, economists agree on the level of output because there are advanced statistical techniques that measure this value, so there is not much to dispute. However, the economic measures that must be taken are the subject of divergence. For example, some economists think the state should be an active agent in the market, while others think the stateless market is more efficient.

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Suppose real GDP for a country is $1,200 billion. The GDP price index is 114.6. There are 25 million workers who work 36 hours p
8_murik_8 [283]

Answer:

1,333.33

Explanation:

Labor productivity is measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.

total labor hours = 25milion x 36 hours per week

                            = 900 million

labor productivity = GDP ÷ total labor hours

labor productivity = $1,200 billion ÷ 900 million

                                $1,333.33 per hour

4 0
3 years ago
What are three items that the national government provide
ioda
1. Government
2. Military
3. Protection

Hope this helps. 
6 0
3 years ago
Because of marketing, we have more choices, better products, and lower prices.
Snezhnost [94]

Answer:

True

Explanation:

That  is true for any product but luxury products.

8 0
3 years ago
Viva, Inc. bought machine X for $18,000 two years ago. The machine had no residual value and had an estimated useful life of 10
FinnZ [79.3K]

Answer:

$14,400

Explanation:

The computation of the current book value of the machine is shown below:-

Value of the Machine two Years ago = $ 18,000

Annual Depreciation = Cost - Salvage Value ÷ Useful Life

= ($18,000 - 0) ÷ 10

= $ 1,800  

Depreciation for two years = $1,800 × 2

= $ 3,600  

The Current Book Value = Cost - Depreciation for two years

= $18,000 - $3,600

= $14,400

4 0
3 years ago
A wealthy benefactor just donated some money to the local college. This gift was established to provide scholarships for worthy
Mariulka [41]

Answer:

Worth of scholarship today =  $1,000,000

Explanation:

<em>The value of the scholarship can be determined using the present value of a growing perpetuity. A growing perpetuity is an indefinite annual payment that increases by a constant percentage.</em>

<em>The applicable formula is given below;</em>

<em>PV = A/r-g</em>

A-annual payment  one year from now - 35,000

r- interest discount rate - 9.,

g- growth rate - 5.5

The value of the gifts today

= 35,000/(0.09-0.055)

= $1,000,000

5 0
3 years ago
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