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Difference between actual output and potential output of an economy?
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!
What is supplier surplus?
Supplier surplus refers to the difference between the amount a supplier is willing to accept for a good or service and the actual price they receive in the market. It reflects the benefits suppliers gain from selling at a higher market price than their minimum acceptable price. This concept is similar to consumer surplus, but it focuses on suppliers' economic gains. Supplier surplus can be seen as a measure of producer welfare in economic analyses.
What is the Difference between budget and actual expenditure?
Budget is the projected financial estimate in a given year, whilst expenditures are the actual expenses incured in carrying out the budget.
Difference between resource labor and resource entrepreneurship?
labour does actual work & entrepreneurship integrated land, labour and capital to contribute in production.
What is the difference between the actual cost of a happy meal and the selling cost?
any were from 55- 80 cents depends on make up of the happy meal..
How can one determine the margin of safety in a given situation?
The margin of safety in a given situation can be determined by calculating the difference between the actual value or level of safety and the minimum acceptable level of safety. This helps assess how much room there is for error or unexpected events before reaching a critical point.
The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the?
The difference between actual quantity and standard quantity is called the material quantity variance.
What is the difference between the jack used in actual prices and in the lab?
There is no difference between the jack used in the actual sense and in the lab.
What the difference between actual value and earned value?
The difference between the Actual Value & Earned Value is the Project Cost Variance
What does an auditor do if there is a material difference between an expected and actual balance?
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.
What is difference between actual foh and applied foh?
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What is difference between the actual buyers and potential buyers?
actual buyer is that which is actual buyer and potential buyer is that which is potential buyer..............
What is difference between the amount budgeted and the actual amount is called?
Difference between actual amount and budgeted amount is called "Variance" and variance analysis is done to find out the reasons for variance
Difference between Carnot and ideal cycle?
What is the difference between ideal and actual cycle?
Difference between actual output and potential output of an economy?
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!
What is the formula to calculate the percent difference between plan versus actual revenue?
(actual - plan)/plan
What is the difference between actual measurement and estimate?
An actual measurement is going to be more accurate than an estimate.
