Suppose There Are 100 Million in the Labor Force, and 6

question 287

Multiple Choice

Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose their jobs and 300,000 find jobs. The new total of employed persons is ________ and the new unemployment rate is ________.

• A) 100.1 million; 5.8 percent
• B) 100 million; 6.1 percent
• C) 94.1 million; 5.9 percent
• D) 93.9 million; 6.1 percent

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Definitions:

Lease Revenue Recognition

The process of recognizing income earned from leasing out assets over the lease term.

Lease Liability

An obligation representing the present value of lease payments due over the lease term by the lessee.

Executory Costs

Ongoing operational expenses related to a leased asset, typically including insurance, maintenance, and taxes, that are usually paid for by the lessee.

Salvage Value

Salvage value is the estimated resale value of an asset at the end of its useful life.