If a Country Has a Working-Age Population of 200 Million

question 120

Multiple Choice

If a country has a working-age population of 200 million, 120 million people with jobs, and 30 million people unemployed and seeking employment, then its unemployment rate is:

• A) 5%.
• B) 7.5%.
• C) 15%.
• D) 20%.

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Definitions:

Cost Object

Anything for which cost data are desired. Examples of cost objects are products, customers, geographic regions, and parts of the organization such as departments or divisions.

Period Costs

Costs that are not directly tied to the production process and are expensed in the period in which they occur.

Manufacturing Overhead

Expenses related to the manufacturing process that cannot be directly tied back to the production of specific goods, such as factory maintenance and rent.

Direct Materials

Basic substances utilized in the creation of a final product that can be directly attributed and identified within it.