Since 1945,the Average Annual Unemployment Rate in the United States

question 9

Multiple Choice

Since 1945,the average annual unemployment rate in the United States has

• A) varied from 10 to 20 percent.
• B) increased steadily from 2 to 12 percent.
• C) varied from slightly under 3 to over 9 percent.
• D) decreased steadily from 10 to slightly under 7 percent.
• E) not varied by more than 3 percentage points over the entire period.

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Definitions:

Simple Entry

A journal entry that involves only two accounts.

Chart of Accounts

An organized list of all the accounts in a company’s general ledger used for recording financial transactions.

Asset Accounts

Accounts on the balance sheet representing valuable resources owned by the company expected to provide future benefits.

Three Column Form

A documentation format usually used in accounting and bookkeeping that showcases debits, credits, and balance for individual accounts.