within a country in a given period of time. The U.S. GDP being higher than it was 60 years ago shows that the U.S. if producing more goods and services and that the economy is improving. It does not however tell which goods and services are being produced or reflect the unemployment rate. Some limitations of the GDP include people what their output is as well as their down town‚ the products themselves whether it is the environmental effects or the quality of the products. The GDP is still a important
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vehicle Grand Vitara. The company’s headquarters are on Nelson Mandela Road‚ New Delhi. In February 2012‚ the company sold its ten millionth vehicle in India. Originally‚ 18.28% of the company was owned by the Indian government‚ and 54.2% by Suzuki of Japan. The BJP-led government held an initial public offering of 25% of the company in June 2003. As of May 2007‚ the government of India sold its complete share to Indian financial institutions and no longer has any stake in Maruti Udyog. Maruti Udyog
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6/20/13 Out.OM1a What’s in and what’s not in GDP? Definition: GDP is defined as: the market value of currently produced‚ final goods and services produced annually within a country’s borders. It turns out that nearly each term in this definition is there for a reason and that if we look briefly at each of the terms we will have a better sense of what GDP is - and what it is not. First‚ however‚ let’s fast forward and acknowledge that GDP is NOT a measure of economic well-being - a point first
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| 1. | Question: | (TCO F) The size of the labor force in a community is 1‚000‚ and 850 of these folks are gainfully employed. In this community‚ 50 people over the age of 16 do not have a job and are not looking for work. In addition‚ 80 people in the community are under the age of 16. The unemployment rate is ______. | | | Student Answer: | | Unemployment rate=unemployed/labor force*100 150/1000*100=15% 1000-850=150 (number of people unemployed) then divided by total labor force divided
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TOTAL REVENUE APPLICATION At a price of $3 each‚ SHAPE magazine sells 1.25 million copies of its magazine targeted to young women seeking a healthier lifestyle. If the price is increased to $3.25 each‚ only 1 million copies will be sold. Fixed costs are $1 million and unit variable costs are $0.50 per magazine. From the information provided here‚ what is SHAPE magazine ’s total revenue‚ obtained at the higher price? a. $3‚750‚000 b. $3‚250‚000 c. $2‚125‚000 d. $1‚625‚000 e. $675
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1945‚ when it was produced with a plain chocolate covering due to shortages of milk after the war. This blue livery was withdrawn in 1947 when the standard milk chocolate KitKat was reintroduced. KitKat was first advertised on TV back in 1957 and had its first colour advert in 1967. Famous adverts include the ‘Dancing Panda’ in 1987 and the ‘Have a Break’ adverts in the 90’s. KitKat is produced at the Nestlé Rowntree Factory and in 2004 a massive 39‚000 tonnes of KitKat were sold - that’s 107 tonnes
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where less quantity is being sold‚ the firm still obtains a profit but it is not maximized‚ and in the area of the graph where more quantity is being sold‚ profit is less and money can be lost from the firm. To the left of MR=MC‚ cost is low to the firm and revenue is high. As the graph progresses toward the point of MR=MC‚ each unit provides less and less profit. As the first unit is produced‚ the profit is high for that unit‚ but the profit for each extra unit produced declines toward the point of
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GM545 QUIZ 2 PRACTICE 1. (a.) Suppose nominal GDP in 1999 was $200 billion‚ and in 2001‚ it was $330 billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999 and 2001‚ the real GDP rose by what percent? (b.) Use the following scenario to answer questions (b1) and (b2). In a given year in the United States‚ the total number of residents is 270 million‚ the number of residents under the age of 16 is 38 million‚ the number of institutionalized
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*Variable costing unit product cost=DM + DL + Variable Manufacturing Overhead *Variable cost of goods sold= (Variable production cost) x (Units sold) *The variable costing net operating income for each period can always be computed by multiplying the number of units sold by the contribution margin per unit and subtracting total fixed costs. Contribution Margin Per Unit Sold = Selling price per unit – (Variable production per unit + Variable selling and admin per unit) Absorption
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of units produced changes the costs remain the same. If a manufacturer rents the building in which they operate‚ the cost per unit produced would fluctuate. For example‚ if the rent is $500 and 500 units produced‚ the cost is $1 per unit. When 5‚000 units produced‚ cost is $0.10 per unit. Fixed costs are a little confusing because the thought of how fixed cost could fluctuate‚ but the cost does not fluctuate. The portion of the cost fluctuates‚ depending on the number of units produced. The fewer
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