Given the Following Information,how Many People Are in the Labor

question 257

Short Answer

Given the following information,how many people are in the labor force? 4 million people are collecting unemployment insurance;8 million people are officially unemployed;3 million people are discouraged workers;and 115 million people are employed.

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Definitions:

Foreign Currency Transaction

A business operation involving the exchange of currencies from two different countries.

Spot Rate

The current market price at which a particular currency can be bought or sold for immediate delivery.

Receivable

Amounts owed to a company by its customers or debtors for goods or services delivered that have not yet been paid.

Pooling of Interests Transaction

A method used in accounting for business mergers in which the assets and liabilities of the merging companies are combined using their book values.