Assuming That the Total Population Is 100 Million,the Labour Force

question 46

Multiple Choice

Assuming that the total population is 100 million,the labour force is 50 million,and 3 million workers in the labour force are unemployed,the unemployment rate:

• A)is 3 percent
• B)is 6 percent
• C)is 9 percent
• D)is 12 percent
• E)cannot be determined from the information given

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Definitions:

Initial Value Method

An accounting approach where investments are reported at their acquisition cost without subsequent adjustment for changes in market value.

Goodwill

An intangible asset on a company's balance sheet that arises when a company acquires another for a price higher than the fair value of its net tangible assets.

Retained Earnings

The portion of net income that is not distributed as dividends to shareholders, but rather reinvested in the business or kept as reserve.

Equity Method

A method of accounting employed by a business to log its investment in another firm when it possesses considerable sway but lacks complete authority.