Calculation of cost of goods sold under FIFO method:
units Rate Total
Opening inventory 300 $5 $1500
Purchases 500 $4 $2000
Purchases 200 $6 $1200
Sales 150 $5 $750
The cost of goods sold is $750
What is FIFO?FIFO is also known as First In First Out method, it is used to calculate the movement of inventory, the first unit is sold first and on.
Therefore the units available in the beginning inventory is sold first and the units sold is only 150 units while the inventory is 300 units so all the units sold are calculated at a rate of $5.
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After years of selling in the consumer market, Dave accepted a job as a salesperson for a firm that markets its products in the B2B market. As he considers his new responsibilities, it's likely that he will
Dave accepted a position as a salesperson for a company that markets its products in the B2B sector after years of selling to consumers. He'll probably discover the following when he thinks about his new responsibilities: industrial clients typically need more individualized attention than clients in the consumer sector.
What is the consumer market?
When people buy goods or services for their consumption rather than to resell them, such market is known as the consumer market. Consumer markets are generally made up of goods that individuals use daily.
What is B2B marketing?
Businesses that use B2B marketing concentrate on promoting their products or services to other businesses. B2B enterprises sometimes function in this way because they offer goods that are in high demand among other businesses alone.
Do consumers prefer personalization?
More than 76% of consumers claimed that receiving tailored messages was a significant motivator for them to consider a brand, and 78% claimed that such information increased their likelihood of making a second purchase.
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The white apple used by apple in advertising and on its products is an example of a:_______
The white apple used by apple in advertising and on its products is an example of a: product bounding
Apple Inc. is an American multinational technology company specializing in consumer electronics, software and online services, headquartered in Cupertino, California, USA. Apple is the largest technology company by revenue (totaling $365.8 billion in 2021), and as of June 2022, will be the world's largest company by market capitalization, fourth largest PC vendor by unit sales, and the second largest. is a large mobile phone manufacturer. It is one of the big five American IT companies, along with Alphabet, Amazon, Meta and Microsoft.
Apple was founded as the AppleComputerCompany on April 1, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne to develop and market Wozniak's Apple I personal computer. Founded in 1977 by Jobsand Wozniak as Apple Computer, Inc., the company's next computer, the Apple II, became a bestseller.
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The salary of the project manager and temporary rental space for the project team would be classified as __________ costs.
The salary of the project manager and temporary rental space for the project team would be classified as direct project overhead costs.
What is overhead cost?Overhead costs are daily operating expenses which are associated with maintaining a business operation.
Overhead costs are those expenses within a business that are not directly related to the production of a good or service.
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Parker Lane Cafe has a quick ratio of 4:1, $160,000 in cash, $380,000 in inventory, and $40,000 in accounts receivable. What are its current liabilities
Based on Parker Lane Cafe's quick ratio and its receivables, the current liabilities would be $50,000.
What is the quick ratio?The quick ratio shows the ratio of current assets excluding inventory, to the current liabilities.
The current assets excluding inventory is:
= 160,000 + 40,000
= $200,000
The current liabilities are:
= 200,000 / 4
= $50,000
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The marginal benefit curve is:
Answer:
the demand curve is the marginal benefit curve.
Explanation:
The maximum amount of other goods and services. they are willing to sacrifice for one more unit of the good.] Therefore, the demand curve is the marginal benefit curve. Consumer Surplus. When an individual pays less than his or her marginal benefit.
Recording, classifying, summarizing, and interpreting financial events in an organization is referred to as ______.
a. investing
b. accounting
c. finance
d. management
Recording, classifying, summarizing, and interpreting financial events in an organization is referred to as accounting.
What is accounting?Accounting involves keeping detail record, grouping and classifying.
The financial events and transactions are provided in an organized form.
This is done to make good decisions about the company finances and for future prospect.
Therefore, recording, classifying, summarizing, and interpreting financial events in an organization is referred to as accounting
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Recording, classifying, summarizing, and interpreting financial events in an organization is referred to as accounting.
What is accounting?
Accounting involves the process of recording business transactions, classifying them as assets, liabilities, income and revenue, then summarizing the transactions by putting together related transactions and finally interpreting the prepared financial statements items to determine whether the performance of the company has improved or declined over time.
Financing means raising the needed capital for a project or a company using financing options such as equity or bonds.
Investing implies placing the funds raised into asset that gives returns.
Finally, management is the group of individuals in charged of a company to ensure its goals are achieved
Overall, the correct option in this case as the 4 functions highlighted are only captured by accounting.
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Which of these social sciences deals most with models of behavior rather than with thought processes?
a. psychology
b. economics
c. political science
d. sociology
Sociology is the study of human social institutions and relationships. The subject matter of sociology is diverse, ranging from crime to religion, from the family to the state, from racial and social class divisions to shared cultural beliefs, and from social stability to radical change in entire societies.
Sociology's goal of understanding how human action and consciousness both shape. The study of these disparate subjects is brought together by the surrounding cultural and social structures.. Sociology studies social interaction, social organization, social institutions, and social change in a systematic way.
Sociologists study how individuals interact in communities and organizational structures.
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How can a positive relationship between the expected return on a security and its beta be justified?
A positive relationship between the expected return on a security and its beta is justified because there is likely to be a positive discrepancy between the market's return and the risk-free rate.
What do you mean by the significance of the beta coefficient explain it?
The beta coefficient calculates the likelihood that the price of a stock or security will fluctuate in response to changes in the market price. A stock or security's beta can also be used to calculate the systematic risks connected to investment.
What is the significance of the beta coefficient concerning the risk of security?
A stock's volatility can be compared to the systematic risk of the entire market using a beta coefficient. The slope of a line through a regression of data points is known statistically as beta.
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Which type of agreement is one in which performance by one party depends on the occurrence of an uncertain event
A gambling agreement is one in which performance by one party depends on the occurrence of an uncertain event.
A gambling contract is a contract to participate in a game of chance. In a gambling contract, the two parties bet something, specifically money, to get a chance to win a prize or amount. Contracts related to legitimate gambling activities are valid only if gambling is legal.
Gambling contracts are also known as gambling contracts. Gambling contracts or transactions are generally illegal and cannot be enforced. Therefore, such a contract is invalid from the beginning. A gambling contract is invalid regardless of the form of the contract and the laws governing or prohibiting it.
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the seattle corporation has been presented with an investment opportunity whihc will yield cash flows of 30000 per year
b. 4.86 years is the payback period for this investment.
Year 0 1 2 3 4 5 6 7 8 9 10
Investments cost $ (150,000)
Yielding cash 30000 30000 30000 30000 35000 35000 35000 35000 35000 40000
Net cash flow $ (150,000) 30000 30000 30000 30000 35000 35000 35000 35000 35000 40000
Cumulative cash flow $ (150,000) (120,000) (90,000) (60,000) (30,000) 5,000 40,000 75,000 110,000 145,000 185,000.
Payback period = 4+(30000/35000)
(Years) = 4.86
The payback period is defined as the number of years required to recover the original cash investment. In other words, it is the period during which a machine, plant, or other investment has generated sufficient net income to cover its investment costs.
The question is incomplete. Please read below to find the missing content.
The Seattle Corporation has been presented with an investment opportunity that will yield cash flows of $30,000 per year in Years 1 through 4, $35,000 per year in Years 5 through 9, and $40,000 in Year 10. This investment will cost the firm $150,000 today, and the firm's required rate of return is 10 percent. Assume cash flows occur evenly during the year, 1/365th each day. What is the payback period for this investment?
a.
4.00 years
b.
4.86 years
c.
6.12 years
d.
4.35 years
e.
5.23 years
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Which one of the following actions is usually a dependable and appealing way for managers to try to boost their company's EPS
When a company buy back its own shares it can have a higher EPS that is Earnings Per Share.
What is Earnings?Earnings are the revenue that is earned by a company by selling its goods and services to the customer. A company generates revenue and this is the sole reason why a company exists, the expenses incurred by the company and borne by the revenue and it is recommended that the expenses are lower than the revenue generated.
Earnings per share can be boosted easily by buying back company shares, a company can buy back its own shares and this is known as treasury shares. However the shares are then no more in the market and thus the shares held by the investors decrease and so the EPS increase.
Earnings are divided by the number of shares in the market and if it is divided by a lower number the EPS is boosted easily.
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A heading that gives a recipient some context and may point toward any conclusions or recommendations that the writer has to offer is referred to as:_____.
It is referred to as informative heading.
Informative heads are often lengthier in size but give high-level information at a glance. This is especially significant for decision-makers who are under time constraints. The space between headings and subheadings is valuable. Nonetheless, they are a very underutilized tool in corporate writing.
They are simple to grasp, breaking down a document into logical and intelligible sections and informing the reader of what comes next. They are detailed, allowing the reader to explore and visualize the section concepts while reading. Informative headlines are usually a good idea, especially when you can't think of anything "catchy."
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According to which fiduciary duty is an agent prohibited from forcing on his or her client a sale, lease or opportunity to buy...?
According to Loyalty and fiduciary duty is an agent prohibited from forcing on his or her client a sale, lease, or opportunity to buy
This is further explained below.
What exactly does it mean to have loyalty fiduciary duty?According to the loyalty and fiduciary obligation, it is against an agent's duty of loyalty and fiduciary responsibility to pressure a client into a sale, lease, or opportunity to acquire real estate. This is specified in both obligations.
In conclusion, the duty of looking out for the interests of the health and safety of another person or organization is referred to as a fiduciary obligation. It may be said that a duty of fiduciary responsibility covers both the duty of loyalty and the requirement of care, although this definition is very simplistic. To put it another way, the activities of the fiduciary are required to always be in the best interests of the client or beneficiary.
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Who is responsible for ensuring the policies and procedures are implemented across the organization and acts as a liaison between the MIS department and the business
Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?
The correct answer is Data Steward
Why is MIS becoming so important to businesses?
The main purpose of the MIS reporting system is to provide management with important business information for complex decision-making. Reliable information about business data related to current market development is essential for governments to be able to make swift and well-founded decisions.
The first relationship between business processes and information systems is to achieve business goals. For example, organizations use information systems to improve operational and process efficiency by improving the flow of information.
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The employee greets you as usual and walks toward the exit. Do you have reasonable suspicion to stop the individual and investigate?
When an officer was curious about a employee or became suspicious and stopped them due to their behavior, observers asked the officer to provide them with the reason(s) for this concern if the reason for these concerns are appropriate then they can proceed with the investigation
The behavior of the suspect is primarily the key factor in raising suspicion (s). The officer informed the observer that the suspect(s)' actions were the main cause of the officer's developing suspicion in 66 percent of the cases.
The most frequent behavioral causes of suspicion of a person or vehicle, according to an analysis of observer descriptions of behavior, were traffic infractions (such as speeding or driving with expired licence plates), attempts to elude officers (such as turning around and walking the other way or hiding one's face), and appearing uneasy in the officer's presence.
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Suppose that you know that the price elasticity of demand is 1.3. If we increase the price of this product, then the total revenue will
The way to calculate price elasticity is to divide the change in demand (or supply) by the change in price
PRICE ELASTICITY - If the cost of "World's Greatest Boss" mugs decreases by 10% while the supply decreases by 5%, the PES is.5, and the market is said to be inelastic. The price elasticity of supply (PES) for bobbleheads is 1.3 if the price increases by 15% and the supply increase by 20%.
If the value is one, your product is unit elastic, meaning that changes in price correspond to changes in either supply or demand.
A score larger than one indicates that your product is elastic and that changes in price will result in changes in supply or demand that are not proportional to those changes.
A number of 1 indicates that your product is inelastic, meaning that changes in price will only cause a modest change in either supply or demand.
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What price will you charge for each class of seat that will maximize your profits?
You come up with an idea. Let's remove the Comfort class and replace it with a new less expensive and nice product "Economy Class" These seats cost $10 to provide.
Average Consumers are will to pay $25 for Economy class and $40 for Ambassador class. Luxury Consumers are will to pay $30 for Economy class and $95 for Ambassador class.
Modern public universities, like private universities, issue annual tuition fees with few students actually paying. Most students receive internal scholarships and awards that cost far below list prices. This discount is very different and is closely related to the student's family income.
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M1 and M2 are two definitions of the money supply. Determine whether the items listed are included in the money supply under each of these definitions.
The M2 includes balances in saving accounts, certificates of deposit, and money market account balances, the M1 & M2 includes Currency, traveler's checks, and balances in checking accounts while the M1 nor M2 are Credit Cards, Gold, and Common Stock.
What is a money supply?This refers to the total amount of money such as cash, coins, balances in bank accounts that are in circulation in a year.
M1The M1 means the most liquid money that comprised of the currency, traveler’s check, and checking account deposits.
M1 = Currency + traveler check + checking account deposits.M2The M2 is broader measure of Ms although it is has a less liquid measure compared to M1 and consists of currency, traveler’s checks, checking deposits, savings accounts, money market mutual funds etc
M2 = M1 + savings accounts deposits + money market mutual funds.M3The M3 is broader measure of Ms as it includes M2 money as well as large time deposits, institutional money market funds, short-term repurchase agreements, larger liquid funds etc.
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Monica needs a printer to use at home. She wants fine-quality prints at an affordable cost. Which printer will help her achieve this quality
Monica needs a printer to use at home. She wants fine-quality prints at an affordable cost. an inkjet printer will help her achieve this quality. This is further explained below.
What are inkjet printers?Generally, An inkjet printer is a kind of computer peripheral that generates a hard copy by spraying ink onto paper. Inkjet printers are also known as drop-on-demand printers.
In conclusion, For usage in her own house, Monica needs a printer. She is looking for reasonably priced prints of really high quality. She can accomplish this level of excellence with the assistance of an inkjet printer.
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Tanya has just received a major order from northrop corporation for her firm’s hydraulic lift equipment. after reviewing the order information, tanya will?
Tanya has just received a major order from Northrop corporation for her firm’s hydraulic lift equipment. after reviewing the order information, Tanya will send an acknowledgement that the order has been received.
Order Acknowledgement refers to the company's acknowledgment letter outlining the terms and circumstances under which it will give the customer the Equipment and/or the Services.
Order acknowledgements essentially notify a customer how much of a product they can anticipate from a seller. This information exchange can happen automatically without the need for faxing, emailing, or manually inputting orders into the system if all parties are using automated, integrated EDI systems.
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According to fiedler’s contingency theory of leadership, leader behaviors are to change, and leaders perform best in intermediately favorable situations. True or false?.
According to fielder's contingency theory of leadership, leader behaviors are to change, and leaders perform best in intermediately favorable situations. False
What is fielder's contingency theory of leadership?According to Fiedler's Contingency Theory, a leader must adapt their style of leadership to the circumstances at hand in order to be successful. This model will help you discover your own leadership style, evaluate the scenario that calls for leadership, and decide if you are the best candidate.
What is the importance of Fiedler's contingency theory and path goal leadership?According to Fiedler's Contingency Theory, a leader's capacity to exert effective control over a circumstance is just as important as the style they employ. Strong leader-member relationships are essential for success. Additionally, task presentations must be made by leaders with goals and methods stated.
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The amount by which actual or expected sales exceeds break-even sales is referred to as.
The amount by which actual or expected sales exceed break-even sales is referred to as more accurate product costing.
A break-even analysis is what, exactly?Break-even analysis involves figuring out and looking at an entity's margin of safety based on the revenues received and related costs. The study, in other words, demonstrates how many sales are necessary to cover operating expenses.
The break-even analysis establishes the number of sales required to cover all fixed costs for the organization by analyzing various pricing levels in relation to various levels of demand. A demand-side study would provide a seller with important information about their selling capacities.
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Focused reports help managers before recommending solutions. Reports that present data without conducting analysis are . Indirect strategy reports .
A) Focused reports help managers analyze the challenge before recommending solutions.
What are focus reports?(FOCUS) report includes a balance sheet, income statement, net capital calculation, and equity reconciliation. The intent is to demonstrate to regulators the financial position of the firm and its ability to maintain sufficient net capital.
B) Reports that present data without conducting analysis are Informational reports
What is a informative report?An informational report is one that contains details information of any event without analysis or recommendations. In this case, the job of the reporter is to present the facts or data but not to provide any explanation. Officers, board of directors and stockholders of the company usually read such a report.To learn more about Focus reports and informational reports, click the links.
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Correct Question -
A) Focused reports help managers before recommending solutions.
B) Reports that present data without conducting analysis are called . .
The cash outflow at the start of a project is termed the initial capital investment, and includes?
The cash outflow at the start of a project is termed the initial capital investment, and includes any investment in fixed assets required by the project.
A project cash flow includes revenue and costs. Project cash flow refers to how the cash flows in and out of an organization in regard to a specific existing or potential project.
Initial investment is the amount required to start a business or a project. The cash flow in the initial investment stage is estimated mainly at planning stages of a business or a project. Fixed capital, salvage value, working capital, tax rate, and book value are considered, while calculating the initial cash flows.
Hence, the cash outflow at the start of a project includes any investment in fixed assets required by the project.
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When a person owes more on an item (like a car or house) than it is worth, the person is said to be _________ on the loan. secured upside down
When a person owes more on an item (like a car or house) than it is worth, the person is said to be upside down on the loan.
Describe an upside-down loan.You have an upside-down auto loan if you owe more money than the car is truly worth. You may need to make additional payments or modify your insurance coverage in order to prevent being upside-down on your loan or, at the very least, to shorten the amount of time you are in this perilous financial situation.
When you owe more on a car loan than the vehicle is worth, the loan is considered upside-down. If your car is worth $12,000 but your loan total is $15,000, for instance, your loan would be in the negative. You have $3,000 in negative equity in this situation.
It's not always a problem to have an outstanding auto loan. If you don't intend to sell your car, you can make loan payments until the balance is paid off. It won't affect the way you communicate with your lender.
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You are considering buying a store. in order to better assess your return on the investment, your expectations of the return should be based on:_______.
a. Days where sales are high, costs are low
b. Days where sales are low and costs are high
c. Days where both sales and costs are low
d. A weighted average of all the above scenarios
You are considering buying a store. in order to better assess your return on investment, your expectations of the return should be based on " A weighted average of all the given scenarios."
Return on investment (ROI) is a measure of performance which is used to evaluate the efficiency or the profitability of an investment or to compare the efficiency of many different investments.
Return on investment tries to measure the amount of return on a particular investment directly , which is in relation to the investment’s cost.
To calculate Return on investment, the benefits (or return) of an investment are divided by the cost of the investment. The result which is obtained is expressed as a percentage or a ratio of return on investment.
Therefore, the correct answer will be option (D)
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A middleman that takes title to products and then sells the products to other firms is commonly referred to as a(n)?
A middleman that takes title to products and then sells the products to other firms is commonly referred to as an wholesaler.
Middlemen are classified into two categories, namely merchants and agents. Merchants, such as wholesalers and retailers, buy and re-sell their goods, and agents, such as real estate agents or brokers specialize in negotiations involved in transactions.
Many producers do not sell products or services directly to consumers and instead use marketing intermediaries. These intermediaries, such as middlemen (wholesalers, retailers, agents, and brokers), typically enter into longer-term commitments with the producer and they make up a marketing channel, or a distribution channel for their products.
Hence, a middleman is a wholesaler who title the products and then sells the products to other firms in the market.
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ma Rich purchased 100 shares of Stockits, Inc.'s $1 par value common stock from Stockits for $5 per share. Which statements are true regarding the effect of this transaction on Stockits' financial statements? (Select all that apply.) Multiple select question. A gain on will be reported on the income statement. Stockholders' equity on the balance sheet increases. The investing activities section of the statement of cash flows increases. The financing activities section of the statement of cash flows increases. Stockholders' equity on the balance sheet decreases.
The correct options for Which statements are true regarding the effect of this transaction on Stockits' financial statements are B. Stockholders' equity on the balance sheet increases. C. The financing activities section of the statement of cash flows increases.
Equity is something invested in the company by using its owner or the sum of the entire belongings minus the sum of the company's general liabilities. E.g., common stock, additional paid-in capital, favored inventory, retained income, and the amassed different complete earnings.
For most companies, high stockholders' equity shows more stable finances and greater flexibility in case of an economic or financial downturn. information stockholders' equity is one way that buyers can learn about the monetary health of a firm.
Your question is incomplete. Please read below for the missing content.
ma Rich purchased 100 shares of Stockits, Inc.'s $1 par value common stock from Stockists for $5 per share. Which statements are true regarding the effect of this transaction on Stockits' financial statements? (Select all that apply.)
A. A gains will be reported on the income statement.
B. Stockholders' equity on the balance sheet increases.
C. The investing activities section of the statement of cash flows increases.
D. The financing activities section of the statement of cash flows increases.
E. Stockholders' equity on the balance sheet decreases.
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An _______ is a promise or commitment to do (or refrain from doing) a specified activity such as selling a good at a certain price or offering to provide services at a given rate.
An offer is a promise or commitment to do (or refrain from doing) a specified activity such as selling a good at a certain price or offering to provide services at a given rate.
What is an offer?An offer is a tentative offer made by a buyer or seller to buy or sell an asset that, if accepted, has legal force. Another definition of an offer is the act of selling something or submitting a purchase bid.
Key features of Offer:An offer is a contingent request for a buyer or seller to buy or sell an item that, if accepted, forms a legally enforceable contract.There are many various kinds of offers, and each one has a unique set of specifications about the price, the terms and conditions, the type of asset, and the objectives of the buyer and the seller.The offering price is the price at which publicly traded securities are made available for purchase by the investment bank underwriting the issuance in both equity and debt offerings.Learn more about offer here:
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The cyclically adjusted budget deficit or surplus measures what the deficit or surplus would be if the economy was:________
The cyclically adjusted budget deficit or surplus measures what the deficit or surplus would be if the economy was at potential GDP.
Gross Domestic Product is that measure which measures value of all of the goods and services produced in the economy in the given period.
It is calculated by the federal government’s Bureau of Economic Analysis during the period of each quarter.
Potential GDP is a very common theoretical concept, in which an estimate of the value of the output that the economy would have produced if labor and capital had been employed at their maximum sustainable rates is calculated.
It means that rates that are consistent with steady growth and stable inflation are considered in it. In common, the economy operates very much close to potential, but there are some notable exceptions to the trend.
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