Using the table below,indicate the impact of the following errors made during the adjusting entry process.Use a "+" for overstatements,a "-" for understatements,and a "0" for no effect.The first one is provided as an example.
Definitions:
Unemployment Rate
The proportion of the labor force that is not employed but is looking for work actively.
Peak Efficiency
Refers to a condition under which a system, such as an economy or a production process, operates at its highest possible level of output without wasting resources.
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible, often characterized by the absence of involuntary unemployment.
Economic Growth
Enhanced production of goods and services within an economic framework during a set period, customarily quantified by the Gross Domestic Product.
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