People Are Counted as Being Unemployed Because They Are

question 52

Multiple Choice

People are counted as being unemployed because they are

• A)job losers, job leavers, or discouraged workers.
• B)job leavers, discouraged workers, reentrants, or new entrants.
• C)job losers, job leavers, reentrants, or new entrants.
• D)job losers, reentrants, new entrants, or discouraged workers.
• E)job losers, part-time workers, or discouraged workers.

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Definitions:

Partial Derecognition

The process in accounting where only a portion of a financial asset or liability is removed from the balance sheet.

Receivables

These are amounts owed to a business by its customers for goods or services delivered on credit.

GAAP

Generally Accepted Accounting Principles, a set of accounting rules and standards used in the United States for preparing financial statements.

IFRS

A collection of worldwide accounting rules for financial reporting, known as International Financial Reporting Standards.