Match each form of unemployment with an example. Note that every item may not have a match.

a. cyclical unemployment
b. structural unemployment
c. frictional unemployment


1. An unemployed paper mill worker. The local paper mill shut down due to lack of demand for paper products in a digital age.

2. An unemployed banker during a recession. The banker would be hired back once the economy began growing normally again.

3. A retiree. After a successful career in real estate, she now lives off her retirement savings and Social Security.

4. An unemployed stockbroker who is willingly taking some time off before looking for a new job.

5. An unemployed cashier. A small clothing store shut down due to its customers buying clothes from a new big-box retailer.

Answers

Answer 1

Answer:

1. Structural unemployment

2. Cyclical Unemployment

3. No match

4. Frictional unemployment

5. No match.

Explanation:

a. Cyclical Unemployment can be described as an unemployment that occurs when there is a low demand for goods and services in a country as a result of slow economic growth or recession.

b. Structural unemployment is an unemployment that occurs because of industrial reorganization coming from technological change that makes current skills of workers obsolete.

c. Frictional unemployment is unemployment that occurs when people are in the process of searching a new job and changing from one job to another.

Based on the above definition, we have:

1. Structural unemployment

2. Cyclical Unemployment

3. No match

4. Frictional unemployment

5. No match.

Answer 2

Answer: No 1, cyclicnal unemployment

2, Cyclical Unemployment

a, Cyclical unemployment is unemployment that results when the overall demand for goods and services in an economy cannot support full employment. It occurs during periods of slow economic growth or during periods of economic contraction. This can be match to 1 and 2

b, 3and 4.

Frictional unemployment is a type of unemployment. It is sometimes called search unemployment and can be based on the circumstances of the individual. It is time spent between jobs when a worker is searching for a job or transferring from one job to another.

C. 5,

Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers. Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete.

Explanation:

Unemployment is a term referring to individuals who are employable and seeking a job but are unable to find a job.

Usually measured by the unemployment rate, which is dividing the number of unemployed people by the total number of people in the workforce, unemployment serves as one of the indicators.


Related Questions

A company had a beginning balance in retained earnings of $43,300. It had net income of $6,300 and declared and paid cash dividends of $5,700 in the current period. The ending balance in retained earnings equals:

Answers

Ending balance is $43,900. You take the beginning balance of RE, add net income (or subtract net loss) then subtract any dividends paid.


Insurance companies create a pool of funds to handle
Orisk
O gain
Oloss
O safety
10

Answers

Answer:

A) risk

Explanation:

An insurance company creates a pool of funds to handle risk. This helps to protect the company financially if there are more claims than expected.

Outline the marketing mix of Toyota​

Answers

Explanation:

Toyota's marketing mix 4ps determines that company's strategies for its product mix place or distributation marketing communications or proof emotional mix and pricing its current global sir says partly indicates Toyota's effectiveness and implementing its marketing mix

What is a technique used to obtain primary data?

A. gaining access to an unpublished government report from the Federal Trade Commission (FTC)

B. conducting personal interviews with potential customers

C. establishing a database to store and cross-index articles from leading academics and researchers

D. reviewing the best-selling trade books and textbooks that present marketing principles

Answers

B. Conducting personal interviews with potential customers

Personal interviews with prospective clients are one method for gathering primary data. Thus, option (B) is correct.

What is the interview?

An interview is an organized dialogue in which one person asks questions and the other responds. The term “interview” is commonly used to refer to a one-on-one talk between an interviewer and an interviewee. Individual and group interviews are the two forms of interviews. Interviews with individuals:

There are many techniques to gather primary data. However, self-administered surveys, interviews, field observations, and experiments are the most popular methods.

Therefore, Thus, option (B) is correct.

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Discuss the challenge created for financial accountants by the presence of uncertainty.

Answers

Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.

The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:

Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.

Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.

Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.

Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.

Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.

This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.

Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.

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Which of the following is a true statement about the number of declared undergraduate computer science majors at doctoral-granting computer science departments? a. There was an increase in enrollment in spite of the forecast for a decreased number of workers in this field. b. There was a 50% decline in degrees awarded between 2004 and 2009. c. There has been a steady decline in enrollment for the past twelve years. d. The level of enrollment has remained about the same for the past ten years.

Answers

The true statement about the number of declared undergraduate computer science majors at doctoral-granting computer science departments is that there was a 50% decline in degrees awarded between 2004 and 2009. So option b. is the correct option.

Computer science has a connection to most areas of computer and information technology. The discipline now applies to most fields, including healthcare, business, sociology, and mathematics. Computer science is the study of computing systems to understand and use technology in various industries. Computer science professionals seek solutions to problems, create improvements to processes, and make forecasts for future developments. Students who complete master's degrees in computer science can pursue roles as computer and information research scientists.

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A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??

Answers

A long-term incentive is a type of incentive given to employees that is designed to be paid over an extended period or longer term. It is typically used as a way to align the interests of employees with the long-term goals of the organization. Long-term incentives are often provided in addition to regular salary or short-term incentives and are commonly used for executive-level employees or key members of the organization.

What company was sued in 2004 for claiming that their products were made in the
United States when components of the finished products actually came from China,
Austria, and Denmark?
Rawlings
Craftsman
Beats
Stetson

Answers

Craftsman was the company that was sued in the year 2004 due to the claims that they made their products in USA while it was made in other nations.

Why was Sears Craftsman sued?

This business was known to be hit by a lawsuit in the year 2004. The case was based on the fact that the business had conducted false advertising at the time in the nation. This was the Craftsman tool line that was said to be made in America.

The lawsuit had that the people that went on to buy the tools did so because they were being patriotic since it was said to have been made in America.

The pictures that were attached in the lawsuit went on to show that hthe parts of the product were made in different areas of the world such as India, Austria, Denmark and also in places such as Mexico.

The plaintiffs that were the ones making the case at the time were people such as Sidney Hyatt and Elaine Hyatt in this court case.

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Which of the statements is not true about a bank run? Bank runs are bad for the bank affected and usually good for the bank's competitors. Fears leading to bank runs can be self-fulfilling. Deposit insurance is designed to reduce the risk of bank runs for depository banks. There was a wave of bank runs during the Great Depression. Since the Great Depression the government has set up regulation that has eliminated most bank runs.

Answers

Answer:

Explanation:

90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love u

Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.

Answers

All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.

Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.

Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.

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You have to pay $12,500 a year in school fees at the end of each of the next six years. If the interest rate is 8%, how much do you need to set aside today to cover these bills? You have invested $70,476 at 8%. After paying the above school fees, how much would remain at the end of the six years?

Answers

At the end of the six years, the amount of 55474.55597 will remain, if the interest rate is 8%.

An interest rate is the quantity of interest due according to the period, as a share of the amount lent, deposited, or borrowed. the overall hobby on an amount lent or borrowed depends on the principal sum, the hobby fee, the compounding frequency, and the period of time over which it's far lent, deposited, or borrowed.

The interest rate is the amount a lender charges a borrower and is a percentage of the predominant quantity loaned. The interest rate on a mortgage is typically mentioned on an annual foundation known as the once-a-year percentage fee (APR).

present value of annuity = C × [ \(\frac{1- (1 + i)^{-n}}{i}\)]

                                        =   12000 × [ \(\frac{1-(1 + 8)^{-6} }{8}\)]

                                         = 55474.55597

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Food and shelter are examples of a need.

False
True

Answers

Answer:

its ture 100% you need food and shelter

Answer:

True

Explanation:

Food is the things that people and animals eat to stay alive.

Shelter is to protection from the weather or from danger or attack. Stay somewhere that protects you from the weather or from danger or attack.

It’s a small structure that protects you from the weather etc.

These statements are true.

What is YTM of a bond that matures in 23 years with semiannual coupon payments if quoted price is 103.203, par value $2,000 coupon rate of 6.81%?

Answers

The YTM is 6.54% for the required period of time. YTM means yield to maturity.

What is the meaning of YTM?

A rate of return estimate is the yield to maturity (YTM). It is assumed that the bond buyer would keep the bond until it matures and that they will reinvest all interest payments at the same interest rate. Consequently, the coupon rate is taken into account while calculating yield to maturity. YTM is another name for the yield on redemption.

According to given question

Face value=$ 2000

Current price= 2000*(103.203/100)=2064.06

Time=23*2=46

Coupon=6.81*2000*5=68.1

YTM=[(68.1+((2000-2064.06)/46))/(2000+2064.06)/2)*2

YTM=6.54%

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what are the planning advantages

Answers

Answer: Planning is the process of making or carrying out plans for establishment of goals, policies, and procedures for a social or economic unit. Planning has numerous advantages.

Explanation:

Advantages of Planning:

Planning facilitates management by objectives. Planning begins with determination of objectives. Planning minimizes uncertainties. Business is full of uncertainties.Planning facilitates co-ordination.Planning improves employee’s moral.Planning helps in achieving economies.Planning facilitates controlling.Planning provides competitive edge.Planning encourages innovations.

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ADVANTAGES OF PLANNING:

The following are the advantages of Planning:

1. It helps in better utilization of resources.

2. It helps in achieving the objectives.

3. It improves the competitive spirit of the firm

4. Improves effectiveness.

5. It minimizes future uncertainties.

6. It helps in the effective control of business operations.

7. Provides direction and vision.

8. It .monitors the progress.

9. It serves as the basis for controlling.

10. It motivates the employees.

The question are on the picture...can someone help me ?​

The question are on the picture...can someone help me ?

Answers

small points for bigg questions

I just wanna know how do you know the percentage please help,,,,,Marble Company purchased a machine costing $137,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,700. The machine requires special mounting and wiring connections costing $11,700. When installing the machine, $3,000 in damages occurred. Materials costing $3,200 are used in testing and adjusting the machine to produce a satisfactory product. Compute the cost recorded for this machine assuming Marble paid within the discount period. I just want to know how do you know the percentage no one explains!! Thank you

Answers

Answer:

$150,253.00

Explanation:

The cost to be recorded will include all the direct cost of installing the machine less the discount allowed.

The total cost of the machine will be

cost price   $137,000

Freight charges    $3,700

mounting & wires    $11,000

testing materials       $3,200

Total cost   $154,900

The machine was paid with the discount period. The tern3/10, n 30  means that the buyer will get a 3% discount if they pay with ten days of the invoice date. Full payment is expected within 30 days if the buyer does not pay within ten days.

the discount amount will be 3% of $154,900

=3/100 x $154,900

=0.03 x $154,900

=$4,647.00  

the amount recorded will be

=$154,900.00 - $4,647.00

= $150,253.00    

Dwight Donovan, the president of Munoz Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $106,000 and for Project B are $46,000. The annual expected cash inflows are $27,252 for Project A and $12,761 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Munoz Enterprises’ desired rate of return is 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)

Required

Compute the net present value of each project. Which project should be adopted based on the net present value approach?

Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
What is the Net Present Value for project A and project B?
Project A?
Project B?

Answers

The project that should be adopted based on the net present value is project B.

The project that should be adopted based on the internal rate of return is project B.

Which projects should be adopted?

Net present value is the present value of after-tax cash flows from an investment less the amount invested. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The decision rule when using the internal rate of return and the net present value is to undertake the project if the internal rate of return and net present value.

NPV and IRR can be calculated using a financial calculator:

Project A:

Cash flow in year 0 = $-106,000

Cash flow in year 1 - 5=  $27,252

I = 8 %

NPV = $2,809.33

IRR = 9%

Project B:

Cash flow in year 0 = $-46,000.

Cash flow in year 1 - 5=  $12,761

I = 8 %

NPV = $4,950.97

IRR = 12%

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Today is also the day on which your manager’s boss is collecting information about your manager’s leadership style so that they can give him a 360-degree appraisal. They assure you that your comments about your manager will remain confidential, but the nature of your thoughts is such that he probably would guess you are the person who made those comments. Specifically, you think that your manager takes offense easily, has a bad temper, and could be more effective in time management. Would you share your thoughts with your manager’s manager?

Answers

The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.

Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.

If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.

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Ramniwas, a book-keeper, taking out a trial balance as on 31st March 2005, found that its debit and credit columns did not agree. He proceeded to check the entries and discovered the following errors:



A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.



The total of the Bills Payable Book Rs. 5,000 had been posted to the credit of Bills Receivable Account.



Rs. 2,500 paid to Ram had been wrongly posted to Shyam.



Rs. 100 owing by a customer had been omitted from the list of debtors.



The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.



Goods worth Rs. 100 taken by the proprietor omitted to be recorded in the books.



Depreciation on furniture Rs. 100, had not been posted to Depreciation Account.



The total of Sales Book had been added Rs. 1,000 short.





Which of the above errors caused the totals of the Trial Balance to disagree and by how much did the totals differ?

Answers

Answer:

Ramniwas Bookkeeper

A. The errors that caused the totals of the Trial Balance to disagree are:

1. A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.

2. The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.

3. The total of Sales Book had been added Rs. 1,000 short.

B. The totals disagreed by:

Understated debit    Rs. 900

Overstated debit              (10)

Understated credit     (1,000)

Totals disagreed by   Rs. 110

Explanation:

a) Correction of Errors on the Trial Balance, March 31:

Account Title                             Debit       Credit

Account receivable (Ajayi's)   Rs. 900

Accounts Payable                                    Rs. 5,000

Accounts Receivable                5,000

Shyam                                       2,500

Ram                                                               2,500

Cash Discount Allowed                                     10

Drawings                                      100

Inventory                                                          100

Depreciation Expense                100

Accumulated Depreciation                             100

Sales Revenue                                             1,000

Totals                                Rs. 8,600     Rs.  8,710

b) Credit side of the Trial Balance was greater by Rs. 110 (Rs. 8,710 - Rs. 8,600).

A car dealer advertises a rock-bottom price for a sports utility vehicle that usually goes for $1,000 or more. When you get to the dealership, though, the salesperson can't find that particular car on the lot. Maybe it was sold this morning before he got in. The salesperson offers a higher-priced car. This is called _______. a. odd-even pricing or psychological pricing b. bait pricing c. price bundling d. leader pricing

Answers

Answer:

b. bait pricing

Explanation:

Bait pricing strategy is one that is aimed at attracting customers by presenting a price that is lower than the actual value of a product. Usually the product is limited in quantity and when buyers come in they are convinced to buy something else.

This is considered an illegal means of marketing.

I'm the given instance when the customer got to the dealership the salesperson can't find that particular car on the lot, saying maybe it was sold this morning before he got in. The salesperson offers a higher-priced car.

This is bait pricing strategy.

What is the main reason that people purchase insurance policies?
A. they want to reduce the cost of their student or personal loans.
B. They want to avoid paying for major unexpected expenses.
C. They want to avoid increasing their monthly premiums
D. They want to invest money in insurance to grow it over time

Answers

Option B is correct. The main reason that people purchase insurance policies is because they want to avoid paying for major unexpected expenses.

What is an insurance policies?

An insurance policy can be defined a contract between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. The policy is enforced in an exchange for an initial payment known as the premium in which the insurer promises to pay for loss caused by perils covered under the policy language.

Most of the insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Because these insurance policies are standard forms, they often feature boilerplate language which is similar across a wide variety of different types of insurance policies.

Some examples of the popular insurance policies includes a Life Insurance, Health Insurance, Disability Insurance, Homeowner's Insurance, Automobile Insurance, Liability Insurance etc,

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Alistair owns and runs a bakery. He buys groceries worth $250 for his business. What entries does he make in the book of accounts?

Alistair makes two entries in the book of accounts. He debits the supplies account and
compliance with the
principle of transaction
Reset
Next

Answers

Alistair is the owner and operator of a bakery. He spends $250 on groceries for his business. He makes two bookkeeping entries in the book of accounts. He debits the supplies account and follows the transaction principle.

A book of accounts contains commercial account transaction records. Commercial double entry accounting systems include numerous ledgers or books, such as the general ledger as well as general journal. These ledgers are collectively referred to as books, a shortened term for books of account. Any of the numerous books utilised in the accounting process can be referred to as a single book of accounts.

Thus the entries that he make in the book of accounts is that he makes two entries in the book of accounts. He debits the supplies account and compliance with the principle of transaction.

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What is a main feature of the CERT program ?

Answers

The main feature of the CERT Program: educates volunteers about disaster preparedness for the hazards that may impact their area and trains them in basic disaster response skills, such as fire safety, light search and rescue, team organization, [ and disaster medical operations. ]

Each time a sale is​ recorded, two journal entries are also recorded to account for estimated sales returns.

Answers

Answer:

The given statement is False

Explanation:

The sale is recorded at the time when the company sells is products and services to the customer and for that the journal entry is to be passed

Now if there is a return of goods that are sold by the company to the customers, the journal entry is to be recorded for sales returns

So the entry is recorded for that good only i.e. return

Therefore there is no need to record two entries

Hence, the given statement is false

On September 30, 2024, the company paid its landlord $12,400 representing rent for the period September 30, 2024, to September 30, 2025. Digital Controls debited prepaid rent at the time the rent was paid.

Answers

The journal entries to record rent and prepaid rent at September 30, 2024 are:

Direct Debit: Prepaid Rent $12,400

Credit: $12,400 cash

This journal shows that the company paid $12,400 in cash, which is a current asset, and prepaid rent, which is an asset. Prepaid rent indicates that the organization has paid rent in advance for the next year from September 30, 2024 to September 30, 2025.

Over time, the prepaid rent account is increased each month by recording an adjustment representing the amount of rent "used" for that month. At the end of the year, the prepaid rent account has a balance of $0 and rent expense is recorded for the entire year.

US REFERENCE: SO 9
5. Given an organisation in a different province or country, describe the way in which performance
would be adapted.

Answers

Answer:

Adapting performance in an organization in a different province or country would require an understanding of the local culture, customs, laws, and regulations. The organization would need to take into account the linguistic and communication barriers that may exist, and may need to provide additional training. Performance metrics would also need to be reviewed and adjusted to reflect the unique challenges and opportunities of the specific geographic location. Additionally, the organization would need to build relationships with local stakeholders, such as customers, suppliers, and government officials, to ensure and maintain its success in the new market. A comprehensive market analysis and strategy development would need to be undertaken to ensure that the organization is positioning itself for success and anticipating local challenges. Finally, the organization may need to adjust its policies and procedures to align with local laws and regulations and to refreflect on theect the cultural norms of the new market. Overall, it is important for the organization to remain adaptable and flexible to maintain success in a new market.

Explanation:

2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar

Sales volume
12000birr
60000birr
40000birr
25000birr

Labor hours
60
500
250
200

3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?

Answers

Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).

How to solve

To calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.

Here is the table showing the labor productivity of each store:

Store Sales volume (birr) Labor hours Labor productivity (birr/hour)

Bale-robe 12,000 60 200

Hawassa 60,000 500 40

Nekemt 40,000 250 16

Dahirdar 25,000 200 12.5

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Consider the economies of Hermes and Gobbledigook, both of which produce gaggles of gop using only tools and workers. Suppose that, during the course of 50 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same.
Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2014 and 2034.
Year
Hermes
Physical Capital Labor Force Output Productivity
(Tools per worker) (Workers) (Gaggles of gop) (Gaggles per worker)
2014 11 30 3,000
2034 15 30 3,600
Year
Gobbledigook
Physical Capital Labor Force Output Productivity
(Tools per worker) (Workers) (Gaggles of gop) (Gaggles per worker)
2014 8 30 2,400
2034 12 30 3,600
Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2014 to 2034, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a (larger or smaller)?? amount than productivity in Gobbledigook. This illustrates the concept of (brain drain or increasing return or inward oriented growth or diminishing returns or constant return?)??? , which makes it (easier or more difficult ??) for countries with low output to catch up to those with higher output.

Answers

The productivity (in terms of output per worker) of the economies of Hermes and Gobbledigook can be computed as follows:

1. Hermes

           Physical Capital    Labor Force    Output     Productivity

Year  (Tools per worker)    (Workers) (Gaggles   (Gaggles per

                                                                  of gop)           worker)

2014            11                         30              3,000      100 (3,000/30)

2034           15                        30              3,600         120 (3,600/30)

2. Gobbledigook

           Physical Capital    Labor Force    Output     Productivity

Year  (Tools per worker)    (Workers) (Gaggles   (Gaggles per

                                                                  of gop)           worker)

2014               8                       30              2,400           80 (2,400/30)

2034             12                      30               3,600         120 (3,600/30)

3. The 4-unit change in capital per worker causes the productivity in Hermes to rise by a smaller amount (20%) than the productivity in Gobbledigook (50%). This illustrates the concept of diminishing returns, which makes it easier for countries with low output to catch up to those with higher output.

What is the law of diminishing marginal returns?

The law of diminishing returns states that a developed nation's growth rates tend to slow as the economy matures, enabling developing nations to catch up with the former's growth.

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Problem 10-01A a-c (Video) (Part Level Submission)
On January 1, 2020, the ledger of Sheffield Corp. contains the following liability accounts.
Accounts Payable
$50,400
Sales Taxes Payable
7,500
Uneamed Service Revenue 16,500
During January, the following selected transactions occurred.
Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes.
12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.)
14 Paid state revenue department for sales taxes collected in December 2019 ($7,500).
Sold 930 units of a new product on credit at $50 per unit, plus 8% sales tax.
21 Borrowed $22,500 from Girard Bank on a 3-month, 8%, $22,500 note.
25 Sold merchandise for cash totaling $12,420, which includes 8% sales taxes.
20
(a)
Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent m.
in the problem.)
Date
Account Titles and Explanation
Debit
Credit

Answers

Plz don’t report me I’m just trying to do my homework like y’all

Yes! Assuming Economia's aggregate supply curve is upward sloping, when the aggregate demand curve shifts rightward, this will:

Answers

When the aggregate demand curve shifts rightward, this will increase Economia's real output and the price level.

What happens when the aggregate demand shifts rightward?

The aggregate demand curve is a curve that shows the total quantity of all goods and services demanded by the economy at different price levels. The aggregate demand curve slopes downward.

When  aggregate demand curve shifts to the right, there would be an increase in the real output and the price levels.

To learn more about the demand curve, please check: https://brainly.com/question/25140811

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