-The Labor Force Participation Rate Is Calculated as the

question 296

Multiple Choice

-The labor force participation rate is calculated as the

• A) labor force divided by the unemployment rate then multiplied by 100.
• B) labor force divided by the number of persons employed then multiplied by 100.
• C) labor force divided by the working age population then multiplied by 100.
• D) number of persons unemployed divided by the labor force then multiplied by 100.

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Definitions:

Service Business

A company that provides intangible products, such as expertise or labor, rather than physical goods.

Selling Expenses

Costs incurred directly and indirectly from selling products or services, such as advertising, commissions, and shipping costs.

Merchandise

Goods bought and sold by businesses, typically in the retail industry.

Journal Entry

A journal entry is a record in the accounting books that logs a business transaction, indicating the accounts and amounts to be debited and credited.