Table 51 Consider the Data Above for a Simple Economy

question 229

Multiple Choice

Table 5.1 Consider the data above for a simple economy.
-Refer to Table 5.1.The labour force participation rate for this simple economy equals

• A)(1,000/1,100)× 100 percent.
• B)(1,000/15,000)× 100 percent.
• C)(1,100/15,000)× 100 percent.
• D)(1,100/20,000)× 100 percent.
• E)(15,000/20,000)× 100 percent.

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Definitions:

Capital Lease

A lease considered to have the economic characteristics of asset ownership for accounting purposes.

Operating Lease

A contract that allows for the use of an asset but does not convey rights of ownership of the asset.

Capital Lease

A lease agreement in which the lessee essentially has the economic benefits and risks of ownership, often leading to the asset being recorded on the lessee's balance sheet.

Temporary Use

The use of an asset or resource for a limited period of time, not intended for long-term or permanent use.