The Unemployment Rate Equals the Number of Unemployed Divided by the ________

question 279

Multiple Choice

The unemployment rate equals the number of unemployed divided by the ________, all times 100.

• A)number of employed
• B)labour force
• C)working-age population
• D)total population
• E)discouraged workers

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Definitions:

Expense

Outflows or other using up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Credit

A bookkeeping entry that increases the value of liabilities or equity accounts, or decreases the value of an asset or expense account.

Journal

A detailed record where all financial transactions of a business are initially recorded.

Chronological Record

A record of events or transactions organized in the order they occurred over time.