The Sum of the Number of Unemployed and the Number

question 12

Multiple Choice

The sum of the number of unemployed and the number of employed is the

• A) labor force participation rate.
• B) labor force.
• C) unemployment rate.
• D) employment rate.
• E) number of discouraged workers.

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Definitions:

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense. In finance, it's also the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.

Underapplied Manufacturing Overhead

A situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to an underestimation of product costs.

Overapplied Manufacturing Overhead

Refers to a situation where the estimated manufacturing overhead cost is more than the actual manufacturing overhead incurred during a period.

Debit

An accounting entry that increases an asset or expense or decreases a liability, equity, or revenue.