If the Number of People Unemployed Rose but the Number

question 245

True/False

If the number of people unemployed rose but the number of people employed and the adult population stayed the same, then the labor force participation rate would rise.

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Definitions:

Accounts Payable

Liabilities or amounts owed to creditors for goods and services that have been received but not yet paid for by the business.

Gross Method

An accounting method for recording purchases at the full invoice price without deducting any cash discounts at the time of purchase.

Check Register

A record of all checks written, deposits made, and charges or credits to a bank account, used for managing funds and reconciling bank statements.

Voucher Register

A journal or ledger used to record vouchers and their related purchases, payments, or expenses.