Suppose That 300 of the Current "Not in the Labour

question 111

Multiple Choice

Suppose that 300 of the current "Not in the Labour Force" category are actually "discouraged" workers.Critics have argued that,since discouraged workers want to work but have given up looking,they should rightly be counted as unemployed.If discouraged workers are counted as unemployed,Wonderland's labour force would be __________,and the adjusted unemployment rate would be __________ percentage points higher than the official unemployment rate.

• A) 16,527;1.7
• B) 17,221;2.5
• C) 15,356;0.5
• D) 20,022;3.5
• E) 18,000;2.7

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Definitions:

Chart Of Accounts

A numbering system of accounts that lists the account titles and account numbers to be used by a company.

Account Balance

The difference between the debits and credits recorded in an account, representing the net value at a point in time.

Compound Entry

In accounting, it refers to a journal entry that involves more than two accounts whereby multiple debits and/or credits are made.

Accounts Payable

Liabilities representing amounts owed by an entity to suppliers or creditors for goods and services received but not yet paid for.