Which of the Following Will Equal Zero When an Economy

question 109

Multiple Choice

Which of the following will equal zero when an economy is operating at full employment?

• A)the unemployment rate
• B)cyclical unemployment
• C)frictional unemployment
• D)structural unemployment

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Definitions:

Revenue

Income generated from normal business operations, often from the sale of goods and services to customers.

Credit Customer

A customer who purchases goods or services on credit, agreeing to pay at a later specified date.

Expense

Money spent or cost incurred in an entity's efforts to generate revenue.

Asset

Resources owned by a business or individual that have economic value or future benefit.