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Use the table below to answer the following question.
Table 20.4.3
-Refer to Table 20.4.3.An economy produces only cell phones,pens,and pizza.
The table gives the quantities produced and prices in 2010 and 2011.
The base year is 2010.
The chained-dollar real GDP in 2011 is
Throughput Time
The total amount of time it takes for a product to move through the entire production process, from start to finish.
Manufacturing Cycle Efficiency
A measure of the effectiveness of a production process, calculated as the productive manufacturing time divided by the total cycle time.
Non-Value-Added
Activities or processes that consume resources but do not add to the product's value or the customer's experience.
Throughput Time
The complete duration required for an item to go through the entire manufacturing cycle, beginning to end.
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