Is It Possible for the Unemployment Rate to Rise at the Same

question 120

Multiple Choice

Is it possible for the unemployment rate to rise at the same time that the number of people working increases?

• A) no
• B) yes, if the new workers are employed less than full time
• C) yes, if labor force growth outpaces growth in the number of people working
• D) yes, if established workers keep their jobs but no longer have the option of working overtime

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Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Classified Balance Sheet

A financial statement that organizes a company's assets, liabilities, and equity into subcategories for clear understanding.

Gross Profit Section

The portion of an income statement that shows revenue minus the cost of goods sold, indicating the profit made from selling goods before other expenses are deducted.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the merchandise sold.