How Many People Are Employed If the Labor Force Participation

question 8

Multiple Choice

How many people are employed if the labor force participation rate is 60%,there are 3 million people unemployed,and there are 30 million people not in the labor force?

• A)54 million
• B)48 million
• C)42 million
• D)30 million

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Definitions:

Business Combination

A transaction or event in which a buyer obtains control of one or more businesses.

Goodwill

An intangible asset reflecting the premium paid over the fair market value of assets during an acquisition, attributed to the company's brand, customer relations, and reputation.

IFRS

International Financial Reporting Standards, which are a set of accounting principles that govern financial reporting and are designed to be globally consistent.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.