Suppose There Are 100 Million in the Labor Force, and 6

question 346

Multiple Choice

Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose their jobs and 300,000 find jobs. The new total of employed persons is
__________and the new unemployment rate is__________ .

• A) 93.9 million; 6.1 percent
• B) 100 million; 6.1 percent
• C) 100.1 million; 5.8 percent
• D) 94.1 million; 5.9 percent

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Definitions:

Unamortized Patent

The portion of a patent's purchase cost that has not yet been expensed in the company's financial statements over the patent's useful life.

Investment Account Balance

The total value of all the securities and cash in an investment account at any given time, reflecting purchases, sales, gains, and losses.

Equity Method

This approach adjusts the value of an investment based on the proportional changes in the investee's net assets, reflecting the investor's ownership interest.