Suppose a Small City Has a Population of 100 000

question 43

Multiple Choice

Suppose a small city has a population of 100 000 and a labour force of 60 000. Employment is 55 000 and 5,000 workers are unemployed. How many people are not in the labour force?

• A)0
• B)30 000
• C)5000
• D)40 000
• E)35 000

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Definitions:

Net Income Before Taxes

A financial measure that calculates a company's earnings after all expenses have been subtracted from revenues, except for income taxes.

Total Assets

The sum of all resources owned by a company or individual, including both current and long-term assets.

Net Sales

Revenue from sales after deducting returns, allowances, and discounts.