The Statement "Unemployment Should Be Below 6 Percent" Is

question 73

Multiple Choice

The statement "Unemployment should be below 6 percent" is

• A) a positive statement.
• B) a normative statement.
• C) a prediction.
• D) an assumption.

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Definitions:

Realized Gain

Gain that results from the sale of an asset or investment, which has turned into actual cash or an equivalent.

Unrealized Gain

A profit that results from an increase in value of an investment or asset but has not been realized through a sale.

Exchange Rates

The value of one currency for the purpose of conversion to another, implying how much of one currency can be exchanged for another.

Foreign Currency (FC)

Currency used in a transaction that is different from the currency of the primary economic environment in which the entity operates.