-Refer to the Information Above to Answer This Question

question 69

Multiple Choice

-Refer to the information above to answer this question.What is the value of the GDP deflator in 2016?

• A)93.9
• B)100.0
• C)104.6
• D)103.0
• E)108.2

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Definitions:

Indirect Factory Wages

Wages paid to workers who are not directly involved in production, such as supervisors and maintenance staff, considered part of manufacturing overhead.

Supervisory Salaries

Financial compensation awarded to employees who are in charge of overseeing and managing other workers.

Machine Hours

A measure of the amount of time a machine is operated, used as a basis for allocating factory overhead costs to products.

Standard Cost

A predetermined cost of manufacturing a product or performing a service, used as a benchmark to measure performance.