The Number of People Employed Equals

question 97

Multiple Choice

The number of people employed equals

• A) the number of people unemployed minus the labor force.
• B) the labor force plus the number of people unemployed.
• C) the labor force minus the number of people unemployed.
• D) the number of people unemployed divided by the labor force.

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Definitions:

Payables

Financial obligations or amounts owed by a business to its creditors or suppliers for goods and services received.

Equity

The total value of a company's ownership interest by its shareholders, calculated as assets minus liabilities.

Profitability Ratios

Those ratios—gross profit rate, return on sales, return on total assets, and return on common stockholders’ equity—which measure a company’s ability to earn a profit.

Liquidity Ratios

The two ratios—current ratio and acid test ratio—which measure a company’s ability to pay off short-term debts.