During 1997 to 2000,interest Rates Were Kept Higher in the US

question 13

Multiple Choice

During 1997 to 2000,interest rates were kept higher in the US while some countries like Germany lowered their interest rate,during this period all of the following happened in the US market except

• A)There was huge financial inflows in the US economy
• B)The US enjoyed rapid economic growth
• C)Dollar kept on appreciating
• D)US was accumulating a trade surplus

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Definitions:

Direct Labor-Hours

Direct labor-hours refer to the total hours worked by employees directly involved in the production process, used as a basis for allocating labor costs to products.

Machine-Hours

The total hours that machinery is operated during a specific period for production purposes.

Departmental Predetermined Overhead Rates

These rates are calculated to allocate manufacturing overhead costs to specific departments, based on estimated or actual overhead and activity levels.

Machine-Hours

A measure of production time using machinery; used as a basis for allocating manufacturing overhead costs to products.