Suppose There Are 81

question 79

Multiple Choice

Suppose there are 81.0 million people not in the labor force, 154.0 million in the civilian labor force, and 140.9 million employed. Based on these numbers, how many people are counted as unemployed?

• A)81.0 million
• B)73.0 million
• C)59.9 million
• D)13.1 million

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Definitions:

Profit

The financial surplus remaining after all operating expenses, taxes, and costs have been deducted from total revenue.

Factory Overhead Applied

The allocation of indirect manufacturing costs to produced goods based on estimated or predetermined rates.

Predetermined Factory Overhead Rate

A rate calculated before a period begins, used to allocate estimated overhead costs based on a selected activity base to individual products.

Actual Activity Base

A measure used to allocate costs based on the actual level of activity or usage, often used in budgeting and accounting.