If the Number of Unemployed Workers Is 200 Million,and the Number

question 61

Multiple Choice

If the number of unemployed workers is 200 million,and the number in the labor force is 500 million,what is the unemployment rate?

• A)0.4%
• B)4%
• C)14%
• D)40%

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Definitions:

Depletion

Depletion is an accounting method used to allocate the cost of extracting natural resources such as minerals, oil, and gas from the earth over the period they are consumed.

Straight-Line Method

A method of calculating depreciation of an asset, which spreads the cost evenly across its useful life.

Units-of-Activity Method

A depreciation method that allocates costs based on the actual usage or output of the asset rather than time.

Depletion Cost

The allocation of the cost of natural resources, such as minerals or oil, over the period they are extracted and sold.