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The table below shows real GDP, potential GDP and the unemployment rate for a hypothetical economy. TABLE 31- 1
-Refer to Table 31- 1. In which years is this economy operating at full employment?
Total Assets Turnover
A financial ratio that measures a company's efficiency in using its assets to generate revenue.
Sales
Revenue generated from the sale of goods or services.
Total Assets
The sum of all current and long-term assets owned by a company, reflected on the balance sheet.
Net Sales
The revenue from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.
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