PLEASE HELP ASAP 2. Which of the following would NOT be counted in computing GDP?
a. building a do-it-yourself picnic table for your own yard
b. hamburgers you flip on your job at a fast-food restaurant
c. a pair of socks you sell on your job at a department store
d. all of the above
3. The year chosen to compare data such as GDP is known as the
a. comparative year.
b. GDP year.
c. base year.
d. calculating year.
4. When the effect of price changes is taken out of GDP, we have
a. inflated GDP.
b. real GDP.
c. undervalued GDP.
d. GDP per capita.
5. Which of the following is true about the business cycle?
a. It has four phases.
b. There are recurring ups and downs.
c. There is a pattern of good times to bad times and back again.
d. All of the above.

The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?