If the Number of Unemployed Workers Is 200 Million,and the Number

question 61

Multiple Choice

If the number of unemployed workers is 200 million,and the number in the labor force is 500 million,what is the unemployment rate?

• A)0.4%
• B)4%
• C)14%
• D)40%

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Definitions:

Current Liabilities

Obligations or debts that a company expects to settle within one year or within the normal operating cycle of the business.

Liquidity

The ease with which an asset, or security, can be converted into ready cash without affecting its market price.

Current Assets

Properties expected to be turned into cash, sold, or expended within the span of one year or the typical operating period of the enterprise.

Current Asset

A resource anticipated to be transformed into cash, disposed of, or utilized within a year or the length of the operating cycle, whichever duration is greater.