$\text { Table } 6.1$ What Was the Unemployment Rate in 2004 in Table 6

question 116

Multiple Choice

$\begin{array}{lrrr}&2004&005&2006\\\text { Population } & 200 \text { million } & 225 \text { million } & 275 \text { million } \\\text { Labor Force } & 150 \text { million } & 165 \text { million } & 200 \text { million } \\\text { Unemployed } & 5 \text { million } & 15 \text { million } & 35 \text { million }\end{array}$

$\text { Table } 6.1$ What was the unemployment rate in 2004 in Table 6.1?

• A)3.9 percent.
• B)75 percent.
• C)3.3 percent.
• D)2.5 percent.

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Definitions:

Non-Inventory Items

Goods or services that a company buys or sells but does not track quantities of, such as supplies or consulting services.

QBO

Stands for QuickBooks Online, a cloud-based accounting software designed for small to medium-sized businesses.

Accounting Records

Documents and ledgers that capture all the financial transactions of a business, serving as a foundation for financial reporting.

Physical Count

The act of manually counting inventory on hand to verify records and ensure accuracy in reporting assets.