The Bureau of Labor Statistics Predicts That the Number of Jobs

question 235

Multiple Choice

The Bureau of Labor Statistics predicts that the number of jobs for registered nurses will grow faster than most occupations while the number of jobs for telephone operators will decline.This change in the labor market could lead to

• A)frictional unemployment created by a sectoral shift.
• B)structural unemployment created by a sectoral shift.
• C)frictional unemployment created by efficiency wages.
• D)structural unemployment created by efficiency wages.

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Definitions:

Journal Entry

A record of financial transactions entered in a journal, a fundamental part of the double-entry bookkeeping system.

Carrying Value

Carrying value, or book value, is the net amount at which an asset or liability is valued on a balance sheet, factoring in its original cost minus depreciation, amortization, or impairment costs.

Retirement

the point in time when an individual chooses to leave the workforce permanently.

Gain Or Loss

The positive or negative financial result obtained from an investment, sale of assets, or other transactions, compared to the original cost.