In 2008 as the Recession Worsened,suppose Discouraged Workers Were Included

question 286

Multiple Choice

In 2008 as the recession worsened,suppose discouraged workers were included as part of the unemployment rate.Which of the following would have occurred?

• A)The unemployment rate would have increased.
• B)The unemployment rate would have decreased.
• C)The labor force participation rate would not have changed.
• D)The unemployment rate would not have changed.
• E)The labor force participation rate would have decreased.

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Definitions:

IFRS

International Financial Reporting Standards; a set of global accounting standards that provide guidance on how to report financial events.

GAAP

GAAP refers to the widely recognized set of accounting norms and guidelines followed in the U.S. for preparing financial statements.

Fair Value

The amount one would obtain from selling an asset or the cost to transfer a liability, in a smooth transaction with market players on the day of valuation.

Identifiable Intangible Assets

Non-physical assets that can be separated from the company and sold, transferred, or leased, such as patents and trademarks.