The following table shows some labor statistics for four years.
-Refer to the table above.Which year had the highest unemployment rate?
Definitions:
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.
Raw Material Purchases
The acquisition of the basic inputs or resources that are converted through manufacturing processes into final products.
Factory Overhead
Costs related to the operation of a manufacturing plant which cannot be directly associated with specific units of production, such as utilities, maintenance, and management salaries.
Property Taxes
Property Taxes are levies imposed by local governments on real estate based on the property's value, used to fund public services and infrastructure.
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