Use the Following to Answer Questions

question 209

Multiple Choice

Use the following to answer questions:
-(Table: Labor Force Data) Look at the table Labor Force Data. If the labor force participation rate is 70%, the unemployment rate is:

• A)7.6%.
• B)5%.
• C)4%.
• D)3%.

---

Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates, usually reflected in its financial statements.

Assets and Liabilities

The resources owned by a company or individual that have value (assets) and the obligations owed to others (liabilities).

Common Shares

Units of ownership in a corporation, giving holders a proportion of the voting rights and potential dividends.

Functional Currency

The currency that most influences sales prices, labor, and material costs, and is often the currency in which most of the business transactions are denominated.