The Labor Force Is the Sum of the

question 326

Multiple Choice

The labor force is the sum of the

• A) total population and the number of unemployed people.
• B) number of employed people and the working- age population.
• C) working- age population and the number of unemployed people.
• D) number of employed people and the number of unemployed people.

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Definitions:

Operating Equipment

Assets used in the day-to-day operations of a business, such as machinery and office equipment.

Net Cash

The amount of cash available after subtracting cash outflows from cash inflows.

Salaries Payable

Liabilities representing the amounts owed to employees for work performed but not yet paid by the end of the accounting period.

FASB

The Financial Accounting Standards Board, an organization that establishes financial accounting and reporting standards in the United States.