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Describe three inventory cost flow assumptions and how they impact the financial statements.
Adults Unemployed
Individuals over the working age who are without jobs and actively seeking employment.
Adults Not in the Labor Force
Individuals aged 16 and older who are neither employed nor actively seeking employment.
Total Adult Population
The entire number of individuals within a specified area or country who are legally considered adults, often used in demographic analyses and economic models.
Not in the Labor Force
Individuals who are neither employed nor actively seeking employment and, therefore, not counted in the labor force.
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