If the Labor- Force Participation Rate Is 85% and the Total

question 12

Multiple Choice

If the labor- force participation rate is 85% and the total population 16 years of age or older is one million people, the labor force is:

• A) 850,000 people.
• B) 180,000 people.
• C) 280,000 people.
• D) 80,000 people.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets.

Debt-to-Equity

Debt-to-Equity is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

Receivable Turnover Ratio

A financial metric used to measure how efficiently a company uses its assets by calculating how many times a company can turn its accounts receivable into cash within a period.

Inventory Turnover Ratio

The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a period.