The Unemployment Rate Is Calculated as

question 105

Multiple Choice

The unemployment rate is calculated as

• A) [(labor force) ÷ (population)] × 100.
• B) [(unemployment) ÷ (population)] × 100.
• C) [(unemployment) ÷ (labor force)] × 100.
• D) [(labor force) ÷ (unemployment)] × 100.

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Definitions:

Depreciable Cost

The amount of an asset’s cost that will be allocated to depreciation expense over its useful life, determined by the difference between the asset’s initial cost and its residual value.

Acquisition Cost

The total cost incurred to acquire an asset or service, including purchase price and all other expenses related to acquisition.

Depreciation Method

A systematic approach used to allocate the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Stockholders' Equity

The interest left in a firm's assets after liabilities are deducted, reflecting the stake of the company's owners.