A general journal provide information about a transaction in several different places. They can also include inventory balances, purchases, and sales. To finish an entry in a general journal, write a journal entry as usual.
These entries will typically have two accounts. A journal entry is used to record a business transaction in a company's accounting records. A journal entry is typically recorded in the general ledger; however, it may also be recorded in a subsidiary inventory ledger before being summarised and rolled forward into the general ledger. It is the first place to enter data for unique transactions that are not specified in other accounting journals, such as checks or invoices issued.
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Which group tried to learn American Indian languages and customs?
What programs are always running when your computer is turned on? Enter the names of the programs in the space provided.
Answer:
The French
Explanation:
Edge babyyyyy
What is difference between stagflation and inflation?
The occurrence of both inflation and economic stagnation at the same time is known as stagflation. Price increases for goods and services over time are referred to as inflation. High economic growth and employment are caused by inflation, but slow economic growth and high unemployment are caused by stagflation.
What is stagflation?Stagflation, sometimes known as recession-inflation, is an economic condition in which the unemployment rate is consistently high, the inflation rate is high or rising, and the rate of economic growth is slow. For economic policy, it creates a conundrum because measures taken to reduce inflation may make unemployment worse. In 1965, when the UK was experiencing both high inflation and rising unemployment, Macleod used the phrase in a speech to the British Parliament. Despite the fact that John Maynard Keynes did not coin the phrase, some of his writings make reference to the circumstances that most people would associate with stagflation. In the Keynesian macroeconomic theory that predominated from the conclusion of World War II until the late 1970s, inflation and recession were thought to be mutually exclusive, with the link between the two being modeled by the Phillips curve.
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A ____exists when one brand is perceived to possess and deliver qualities and benefits that competitive brands do not possess.
Answer:
"competitive advantage
Explanation:
A "competitive advantage" exists when one brand is perceived to possess and deliver qualities and benefits that competitive brands do not possess. This can include factors such as superior quality, unique features, lower prices, better customer service, or stronger brand recognition. A competitive advantage can help a brand stand out in a crowded marketplace, attract and retain customers, and ultimately achieve long-term success.
define sale trading
Answer:
A trade sale is the sale of a company, or part of a company, to another business that will carry on the company's trade
Terry took out a mortgage loan for $60,000 at an interest rate of 11% for 25 years. If Terry had not had a bankruptcy
on her credit report, her payments could have been $424.07 per month. How much is Terry paying in additional
interest over the life of the loan?
a. $49.200.00
b. $2,272.36
c. $163.00
d. $56,809.00
Answer: A. 49,200
Explanation: Took test on Edge
Based on the fact that Terry had a bankruptcy, the additional interest she will pay over the life of the loan is a. $49,000
What is the current monthly amount Terry pays?This can be found by the formula:
Loan amount = Amount paid x ( 1 - ( 1 + rate) ^-number of periods) / rate
Rate is: Number of periods
= 11% / 12 months = 25 x 12
= 11/12% = 300 months
Amount is:
60,000 = Amount x ( 1 - ( 1 + 11/12%)⁻³⁰⁰) / 11/12%
60,000 = Amount x 102.029043745
Amount = 60,000 / 102.029043745
= $588.07
What is the additional interest Terry will pay?= (Amount Terry pays now - Amount Terry would have paid) x 300 months
= (588.07 - 424.07) x 300
= $49,200
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Which examples demonstrate tasks commonly performed in Visual Arts jobs? Check all that apply. Cliff sets up video equipment at a music concert. Rhonda installs and repairs home electronic equipment in customers’ homes. Gary attends a state fair to sell his handmade clothing in a booth. Christopher dances in a large ballet production on a stage. Yolanda uses a computer tablet to draw an illustration for a textbook. Shirley has a meeting with a customer to discuss a wedding she will be photographing.
Answer:
3
5
6
Explanation:
Internal recruitment may be practiced in companies today. TRUE OR FALSE
name two of accounts used in commercial banks
Jem wants to make sure the gaming system she wants to buy includes
access to live events. What should Jem do to ensure she makes an informed
buying decision?
O A. Jem should consult friends on social media.
O B. Jem should review warranties and return policies.
O C. Jem should make the purchase with confidence.
O D. Jem should read the product description carefully.
Answer:
D. Jem should read the product description carefully.
Explanation:
The balanced scorecard is a unique system of performance measures in that it: (Check all that apply.) Multiple select question. has financial and nonfinancial measures. has multiple perspectives. has key indicators measured by all companies. has a focus on customer satisfaction. can only be used by small companies.
Answer:
has financial and nonfinancial measures.
has multiple perspectives.
has a focus on customer satisfaction.
Explanation:
A balanced scorecard is a strategic management performance metric in which it helps the companies to identifying and improve the operations internally for helping out the external results. Also at the same time it determined the performance data related to the past and according to this it gives the feedback so that better decisions could be carried out
So as per the given options, the above 3 options should be selected
Answer:
has financial and nonfinancial measures.
has multiple perspectives.
has a focus on customer satisfaction.
Explanation:
what was the problem with some of the loans that Banks were making
(a) Find the value at risk (VaR) for an investment of $100,000
at 5 %. (That is, find out how low the value of this investment
could be if the worst 5 % of outcomes are ruled out.) T
There is a 5% chance that the investment could experience a loss of up to $164,500.
To calculate the value at risk (VaR) for an investment, we need to determine the appropriate percentile of the investment's return distribution. In this case, we are looking for the VaR at a 5% level of confidence, which means we want to find the value below which only 5% of the outcomes fall.
Assuming that the investment follows a normal distribution, we can use the z-score corresponding to the 5% level of confidence, which is approximately -1.645. The formula to calculate VaR is:
VaR = investment amount * z-score
Substituting the values into the formula, we get:
VaR = $100,000 * (-1.645)
Calculating the value, the VaR for the investment of $100,000 at a 5% level of confidence is approximately -$164,500. This means that there is a 5% chance that the investment could experience a loss of up to $164,500.
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UniFront Corp., a telecommunications company, has launched a new limited edition smartphone called zNINE that has advanced technology features and is built using high-grade material. The company has made only 99 of these zNINE cellphones and customers are ready to pay more than what the cellphone is worth because it is so limited in number. This scenario can be best categorized as an example of __________.
Answer: C. rarity
Explanation:
According to the laws of Supply and Demand, when the supply of a good is low relative to its demand, the price will be higher to reflect its relative scarcity or rarity. This ensures that only a few are able to buy the few goods on offer.
This is the case here with UniFront's phone. Due to the rarity of the phone, people will pay more than the phone is worth so that they can acquire it. In other words, the limited number of phones produced relative to the demand is low therefore the price is higher.
TRUE OR FALSE: when you have a credit card or loan, it is better to have higher interest rate
Answer: Lower interest rate are better. Higher interest rate is worse
Explanation:
A lower interest rate is better when borrowing money through credit cards or loans. You will be paying less. High interest rates are only good when you are the lender.
Assume that the oil extraction company needs to extract Q units of oil (a depletable resource) reserve between two periods in a dynamically efficient manner. What should be a maximum amount of Q so that the entire oil reserve is extracted only during the 1st period if (a) the marginal willingness to pay for oil in each period is given by P = 26 - 0.5q, (b) marginal cost of extraction is constant at $3 per unit, and (c) discount rate is 1%?
To determine the maximum amount of oil reserve, Q, that should be extracted only during the 1st period, we need to compare the marginal cost of extraction with the marginal willingness to pay for oil in each period.
(a) The marginal willingness to pay for oil in each period is given by P = 26 - 0.5q, where q represents the quantity of oil extracted in each period.
(b) The marginal cost of extraction is constant at $3 per unit.
(c) The discount rate is 1%.
We want to maximize the total present value of revenue from oil extraction. The present value of revenue can be calculated using the formula:
PV = Σ [(P - MC) / (1 + r)^t],
where PV is the present value of revenue, P is the price per unit, MC is the marginal cost per unit, r is the discount rate, and t is the time period.
Since the marginal cost of extraction is constant at $3 per unit, MC = $3.
Using the formula for marginal willingness to pay, we have P = 26 - 0.5q.
Substituting the values into the present value formula, we get:
PV = Σ [(26 - 0.5q - 3) / (1 + 0.01)^t],
where the summation is taken over the 1st period.
To maximize PV, we want to extract the maximum amount of oil reserve, Q, only during the 1st period. This means the summation will include all values of q from 0 to Q.
To find the maximum value of Q, we need to determine the point at which extracting any additional unit of oil in the 1st period would result in a lower present value.
Therefore, we need to find the value of Q where the marginal willingness to pay, 26 - 0.5Q, is equal to the marginal cost, $3.
26 - 0.5Q = 3,
Solving for Q:
0.5Q = 23,
Q = 46.
Hence, the maximum amount of oil reserve, Q, that should be extracted only during the 1st period is 46 units.
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the aging of accounts receivable method is used to estimate bad debts at a certain firm. when accounting staff members total the estimated bad debts from the aging schedule, they have determined:
what should be the current balance in Allowance for Doubtful Accounts. The balance sheet's total receivables are netted against an allowance for doubtful accounts to show only the amounts anticipated to be paid.
The balance sheet's total receivables are netted against an allowance for doubtful accounts to show only the amounts anticipated to be paid. Estimated by the provision for doubtful accounts is the proportion of receivables that are anticipated to be uncollectible. However, the allowance estimate may be significantly off from how customers really pay.
Regardless of corporate policies and practices for credit collections, a transaction involving credit always has the risk of not being paid. A allowance corporation must therefore recognize this risk by creating a provision for doubtful accounts and offsetting bad debt expenditure. This complies with the matching principle of accounting by guaranteeing that costs associated with the sale are recorded during the same accounting period during which revenue is collected. Companies can estimate the true worth of their account receivables with greater accuracy thanks to the provision for dubious accounts.
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Direct sales of livestock often result in which of the following additional expenses?
A.
Fees for agents
B.
Yardage fees
C.
A substantial loss due to the fact that livestock generally do not travel well
D.
The cost of feeding mature livestock while waiting for the rest of the herd to mature
Direct sales of livestock often result in yardage fees, which are the charges for keeping livestock at feedlot or other facility until they can be sold or shipped.
What are direct sales?Direct sales is a business model in which products or services are sold directly to consumers without the involvement of a retail middleman. This means that the manufacturer or service provider sells directly to the end user through various methods such as door-to-door sales, in-home parties, or through online sales platforms. Direct sales allow for a more personalized shopping experience for the consumer and can often result in cost savings for both the manufacturer and the consumer. Direct sales companies typically use a network of independent sales representatives who are compensated for their sales efforts through commissions and bonuses. These representatives can also recruit and manage their own sales teams, creating a network marketing structure. Direct sales have become increasingly popular due to advancements in technology and the rise of e-commerce.
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You may need to use the appropriate appendix table to answer this question.
Only 0.03% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 20,000 credit cards in the city of Memphis. Use the Poisson probability tables to answer the following questions. (Round your answers to four decimal places.)
What is the probability that during the next month in the city of Memphis, every credit card is lost or stolen?
The probability that during the next month in the city of Memphis, every credit card is lost or stolen is approximately 0.0025.
We are given that the proportion of credit card holders who report loss or theft of their credit cards is 0.03%. We have to find the probability that every credit card is lost or stolen during the next month in the city of Memphis.
To solve the above problem, we have to use the Poisson distribution formula.
Poisson distribution formula is:
P(x; μ) = (e^-μ) (μ^x) / x!
Here,x = 0 (every credit card is lost or stolen)
μ = mean or average number of successes in the given time interval= λ × t, where
λ = rate of success, which is the expected number of successes per unit time or space.
For this problem,λ = number of credit card holders who report loss or theft of their credit cards= 0.03% of 20,000 (credit cards in the city of Memphis)= 0.03/100 × 20,000= 6
t = time interval = 1 month
Now, let’s put the values of λ and t into the formula:
P(x = 0; μ) = (e^-μ) (μ^x) / x
!P(x = 0; 6) = (e⁻⁶) (6^0) / 0
\!P(x = 0; 6) = (e⁻⁶)
Therefore, the probability that during the next month in the city of Memphis, every credit card is lost or stolen is approximately 0.0025.
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Pretend your homeowners policy has a premium of $150, a deductible of $5,000, and a limit of $300,000. Your home suffers $170,000 in damages. How much will you pay for the damages?
you will pay $5,000 for the damages, and the insurance will cover the remaining $165,000.
Why it is?
In this scenario, because the damage of $170,000 is less than the policy limit of $300,000, the insurance will cover the damages.
However, the deductible of $5,000 will be subtracted from the amount of the damages covered.
Therefore, the amount that you will pay for the damages will be the deductible of $5,000.
The insurance will cover the remaining amount of the damages, which is $170,000 minus the deductible of $5,000, or $165,000. So, you will pay $5,000 for the damages, and the insurance will cover the remaining $165,000.
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he loves me, he gives me all his money, that gucci prada comfy, my suger daddy:)
Answer:
what did he sayyyyyyyyyy
dunn dunn dun dunn dun
PLEASEEEE HELP!!!!!!!!!!!!!!
Damon is working on a tight budget. He has just a few more scenes to shoot to complete his project. For one of the scene requires at least 50 extras. Hiring union extras will cost him more than the budget allows. what do you think he is likely to do to ensure the scene is shot within the budget?
A .Change the storyline
B. Deduct the scriptwriter's fees
C. Deduct the fees of the lead actor
D, hire non-union extras
Answer:
possibly d
Explanation:
makes more sense
Recommend three life skills that can assist a grade 12 school leaver to adapt to the world of work in 2023.in each answer,also indicate how these life skills can prevent a stressful transition from being a learner to the work environment.
A grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.
What are life skills?Life skills are skills required by individuals are necessary for living and cooperation with others
Some of the life skills include:
communication time management critical thinking problem solvingA grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.
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which of the following is not an employability skill?
1. ethical behavior
2. teamwork
3. technology
4. sales
Sales is not an employability skill. Employability skills are the general skills, personal qualities, and attitudes that are necessary for success in any job or career. They include things like communication, problem-solving, teamwork, time management, leadership, adaptability, and ethical behavior, among others.
Sales, on the other hand, refers to a specific job function that involves selling products or services to customers. While sales may require certain skills such as communication, negotiation, and customer service, it is not considered a general employability skill.
which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
Primarily because they require limited resources, ____________ businesses are the fastest-growing segment of small-business enterprise.
Answer:
Retail
Explanation:
They're less of a hassle to get started because they are independent.
a process is moved to wait queue when i/o request is made with non-blocking i/o
When an I/O request is made using non-blocking I/O, it means that the process is allowed to continue running without having to wait for the I/O operation to complete. However, if the requested I/O operation cannot be completed immediately, the process is moved to a wait queue.
This wait queue is essentially a data structure that holds processes that are waiting for some event to occur, such as the completion of an I/O operation. When the I/O operation is completed, the process is removed from the wait queue and allowed to resume execution.
Non-blocking I/O is useful in situations where the process needs to perform multiple I/O operations simultaneously or needs to be responsive to user input. However, it is important to note that while the process may not be blocked by the I/O operation, it still needs to be able to handle the situation when it is moved to the wait queue.
Overall, non-blocking I/O provides a way for processes to continue running while waiting for I/O operations to complete, but it requires careful management of the wait queue to ensure that processes are not blocked for too long.
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An entry with two or more debits or credits is called a
double journal entry
duplicate journal entry
compound journal entry
a mistake
Answer:
compound journal entry
Explanation:
The Double -entry is a bookkeeping technique where transactions are recorded in two or more accounts. Most transactions will affect two accounts. One of the accounts is debited, and the other one is credited. It is also possible to have both accounts debited or credited.
Some transactions may require more than two entries. These are the transactions that affect more than two accounts. For example, Goods sold on discounts or goods sold partially on credit and partially cash. The journal entries for such transactions are compound entries.
An entry with two or more debits or credits is called a compound journal entry.A compound journal entry refers to a type of accounting entry that involves multiple debits and/or credits.
In a compound journal entry, two or more accounts are affected simultaneously to record multiple transactions or adjustments.
These entries are used when a single transaction or event affects multiple accounts and requires multiple debits and/or credits to accurately reflect the financial impact. Compound journal entries are commonly used in complex transactions such as the issuance of stock for a combination of cash and non-cash assets, the acquisition of assets through a combination of cash and liabilities, or the allocation of costs among multiple departments or projects.
The compound journal entry format typically includes multiple debit and/or credit lines, each indicating the specific account, the amount, and a brief description of the transaction or adjustment being recorded. This helps ensure proper documentation and transparency in the accounting records.
Overall, compound journal entries are an essential tool in accounting to accurately capture complex transactions and provide a comprehensive view of the financial impact on multiple.
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when you should send an email
A. when the subject matter is extremely private
B.when the subject matter is objective and informative
C. when the subject matter is emotional
D. when the subject matter is sensitive in nature
B. When the subject matter is objective and informative
You should send an email when the subject matter is objective and informative. Hence, Option B. is correct.
Email is a fantastic manner to communicate when the subject matter is objective and informative. A way to communicate between people using the internet and electronic gadgets is via email. Because emails are a fantastic method to discuss and highlight vital information without containing a personal opinion, which is especially critical in a business context, you should send an email when the subject matter is objective and instructive.
Therefore, the correct option is option B.
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What are the techniques that Halfords has used to enable it to provide a flexible amount of storage capacity and improve its supply lead times by these collaborations?
Halfords has implemented a number of techniques to provide flexible storage capacity and improve supply lead times through collaborations.
fThese include creating better inventory control systems, investing in infrastructure to accommodate more items, and building closer partnerships with suppliers. Additionally, Halfords has increased its focus on forecasting and demand planning to improve the accuracy of its predictions and ensure the right products are always in stock. Finally, Halfords has improved its supply chain visibility, allowing for greater collaboration and communication between departments to identify and resolve any issues quickly and efficiently.
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In Canada in 2009, during the economic recession, the unemployment rate was 8.4 percent. If the natural rate of unemployment is assumed to be 6.5 percent, then the real unemployment rate exceeded the natural rate by 1.9 percent (8.4 minus 6.5). This means that GDP could have been 3.8 percent higher (1.9 percent times 2). The actual real GDP during the economic downturn in 2009 was $1 549.8 billion, but it could have been 3.8 percent higher, or $58.9 billion more, in terms of dollars ($1 549.8 × 0.038). This figure represents the GDP gap. The potential GDP of the Canadian economy in 2009 was $1 608.7 billion—if only it had been able to achieve full employment.
This GDP gap can have a compounding effect over time. In Figure 12.6, the significance of labelling the two axes "Capital Goods" and "Consumer Goods" lies in the fact that, if the economy were fully utilizing its resources, the potential for producing more capital goods, without sacrificing any consumer goods, exists. The production of more capital goods in the present would translate into an outward shift of the production possibilities curve in the future because more capital goods would be available as inputs for the production process. If a country produces at point A, its future production possibilities curve (PPC) only shifts to PPC1 because of the relatively smaller amount of capital goods it is adding to the productive resource base compared with point B. If that same country were to produce at point B, its future PPC curve shifts to PPC2 instead because it has added relatively more capital goods for use in production without sacrificing any consumer good production. In future years, this "loss" of capital goods would continue to hold PPC curves to levels below what they could have been. This means that the GDP gap in the present has a significant long-term impact in the future—the loss of potential growth.
APPLYING ECONOMIC THINKING
1. In 2016, Canada’s GDP was $1 803.3 billion, and the unemployment rate was 7.0 percent. If the natural rate of unemployment is 6.5 percent, what was Canada’s GDP gap in 2016?
2. The data in the table below are from the Organisation for Economic Co-operation and Development (OECD). The "natural rate of unemployment" in the OECD table is called the Non-Accelerating Inflation Rate of Unemployment (NAIRU). Calculate the GDP gap for each country presented in the table. (Data from stats.oecd.org)Country 2015 Nominal GDP ($ billions) 2015 Unemployment Rate (%) NAIRU (Natural Unemployment Rate) (%) Australia 6.1 5.6 1638.1 (AUD) Canada 6.9 6.6 1995.0 (CAD) Greece 24.9 16.0 176.0 (euro) Korea 3.6 3.4 1486 076.4 (won) Spain 22.0 15.5 1080.0 (euro) 5.3 4.5 United States 18 120.7 (USD).
The potential GDP of the US economy in 2015 was $18 410.6 billion if it had been able to achieve full employment.
1. If the natural rate of unemployment is 6.5 percent, then the real unemployment rate exceeded the natural rate by 0.5 percent (7.0 minus 6.5). This means that GDP could have been 1.0 percent higher (0.5 percent times 2). The actual real GDP in 2016 was $1 803.3 billion, but it could have been 1.0 percent higher, or $18.0 billion more, in terms of dollars ($1 803.3 × 0.01). This figure represents the GDP gap. The potential GDP of the Canadian economy in 2016 was $1 821.3 billion if it had been able to achieve full employment.
Therefore, Canada’s GDP gap in 2016 was $18.0 billion.
2. GDP gap for each country is as follows:Australia: If the natural rate of unemployment is 5.6 percent, then the real unemployment rate exceeded the natural rate by 0.7 percent (6.3 minus 5.6). This means that GDP could have been 1.4 percent higher (0.7 percent times 2). The actual real GDP in 2015 was 1638.1 billion Australian dollars, but it could have been 1.4 percent higher, or 22.9 billion Australian dollars more, in terms of dollars (1638.1 × 0.014). This figure represents the GDP gap. The potential GDP of the Australian economy in 2015 was 1660.9 billion Australian dollars if it had been able to achieve full employment.
Canada: As calculated in Part 1, Canada’s GDP gap in 2015 was $18.0 billion.
Greece: If the natural rate of unemployment is 18.0 percent, then the real unemployment rate exceeded the natural rate by 2.0 percent (16.0 minus 18.0). This means that GDP could have been 4.0 percent higher (2.0 percent times 2). The actual real GDP in 2015 was 176.0 billion euros, but it could have been 4.0 percent higher, or 7.0 billion euros more, in terms of euros (176.0 × 0.04). This figure represents the GDP gap. The potential GDP of the Greek economy in 2015 was 183.0 billion euros if it had been able to achieve full employment.
Korea: If the natural rate of unemployment is 3.4 percent, then the real unemployment rate exceeded the natural rate by 0.6 percent (4.0 minus 3.4). This means that GDP could have been 1.2 percent higher (0.6 percent times 2). The actual real GDP in 2015 was 1 486.4 trillion won, but it could have been 1.2 percent higher, or 17.8 trillion won more, in terms of won (1 486.4 × 0.012). This figure represents the GDP gap. The potential GDP of the Korean economy in 2015 was 1 504.2 trillion won if it had been able to achieve full employment.
Spain: If the natural rate of unemployment is 15.5 percent, then the real unemployment rate exceeded the natural rate by 0.5 percent (16.0 minus 15.5). This means that GDP could have been 1.0 percent higher (0.5 percent times 2). The actual real GDP in 2015 was 1 080.0 billion euros, but it could have been 1.0 percent higher, or 10.8 billion euros more, in terms of euros (1 080.0 × 0.01). This figure represents the GDP gap. The potential GDP of the Spanish economy in 2015 was 1 090.8 billion euros if it had been able to achieve full employment.
United States: If the natural rate of unemployment is 4.5 percent, then the real unemployment rate exceeded the natural rate by 0.8 percent (5.3 minus 4.5). This means that GDP could have been 1.6 percent higher (0.8 percent times 2). The actual real GDP in 2015 was $18 120.7 billion, but it could have been 1.6 percent higher, or $289.9 billion more, in terms of dollars ($18 120.7 × 0.016). This figure represents the GDP gap.
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