Suppose the Labor Force Stays Constant,and the Working-Age Population Stays

question 15

Multiple Choice

Suppose the labor force stays constant,and the working-age population stays constant,but a greater number of persons who were unemployed become employed.The labor force participation rate will

• A)increase.
• B)decrease.
• C)remain constant.
• D)not change in a way that can be predicted.

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Definitions:

Cost of Goods Sold

The total direct costs attributable to the production of goods sold in a company.

Accounts Payable

The amount a company owes to suppliers or vendors for goods or services received that haven't yet been paid for.

Receiving Report

A document used to confirm the receipt of goods delivered, typically matched against the purchase order to ensure accuracy.

Purchase Order

The document authorizing the purchase of inventory from an approved vendor.