Suppose There Are 70 Million People in the Labor Force

question 312

Multiple Choice

Suppose there are 70 million people in the labor force, of whom 60 million are employed. The unemployment rate is:

• A)7%.
• B)10%.
• C)14.28%.
• D)4.2%.

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Definitions:

Available-For-Sale Securities

Financial assets that are intended to be sold in the short term, not held to maturity, and are recorded at fair market value.

Market Values

The present rate at which a service or asset is available for purchase or sale on the market.

Adjusting Entry

An accounting entry made in the journals at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to share in its profits through dividends and capital appreciation.