Suppose That in the Small Country of Sociopolis There Are

question 145

Multiple Choice

Suppose that in the small country of Sociopolis there are 6 million people in the adult population,that the labor-force participation rate is 70 percent,and that there are 3.8 million people employed.To the nearest tenth,what is the unemployment rate?

• A)10.5%
• B)9.5%
• C)6.7%
• D)None of the above is correct.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members from its profits.

Net Income

The amount of money a company effectively earns as profit after reducing its revenue by expenses and taxes.

Trial Balance

A worksheet for accounting where the total balances of all ledgers are arranged into equal debit and credit columns.

Trial Balance

A report that lists all the balances of a company's general ledger accounts to verify that debits equal credits.