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Budget is the projected financial estimate in a given year, whilst expenditures are the actual expenses incured in carrying out the budget.
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
producer surpluss
Real national income : the actual quantity of goods and services produced. the standard of living depends very much on the quantities of goods and services produced. Nominal national income : the money values of total output, total factor incomes and total expenditure. national income is measured in this way.
labour does actual work & entrepreneurship integrated land, labour and capital to contribute in production.
Budget is the projected financial estimate in a given year, whilst expenditures are the actual expenses incured in carrying out the budget.
The difference between the actual and projected release dates for a federal prisoner is that actual release date is when the prisoner will exactly leave prison. Projected date is simply the expected date for release.
My understanding is Accrual = (VOWD - Actual expenditure)
projected is when they think they will get the project done Actual is when it actually hit shelves. Most games are delayed because they want to be sure they have a quality project.
A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.
A supplementary estimate refer to the additional or extra estimate. A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.
The release date from prison is based on either an actual or projected date. Projected simply means when a person is expected to be released, while the actual date is when they leave.
The difference between actual quantity and standard quantity is called the material quantity variance.
There is no difference between the jack used in the actual sense and in the lab.
The difference between the Actual Value & Earned Value is the Project Cost Variance
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
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