If the BLS Counted Persons That Are on Active Military

question 148

Multiple Choice

If the BLS counted persons that are on active military service in the totals for employment,the labor force,or the working-age population,this would

• A)decrease the measured unemployment rate.
• B)decrease the measured labor force participation rate.
• C)decrease the number of persons in the labor force.
• D)decrease the number of persons in the working-age population.

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Definitions:

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or sales volume, encompassing items such as rent, salaries, and insurance premiums.

Variable Cost

Costs that change in proportion to the level of activity or volume of production.

Break-Even Point

The level of production or sales at which total costs equal total revenue, resulting in no net profit or loss.

Fixed Costs

Costs that remain constant in total regardless of changes in the level of production or sales volume.