If Beginning Inventory Consisted of 400 Units, Ending Inventory Was

question 49

True/False

If beginning inventory consisted of 400 units, ending inventory was 600 units, and 7,700 units were started during the period, the number of units completed during the period was 8,700.

Calculate the unemployment rate from given data.

Calculate the labor-force participation rate from given data.

Realize the importance of demographic segments (age, gender, race) in labor statistics.

Understand the conceptual difference between being part of the labor force and participating in the labor market.