The Total Number of People Aged 16 Years and Over

question 74

Multiple Choice

The total number of people aged 16 years and over who are not institutionalized __________.

• A) does not include students
• B) is the working-age population
• C) is the labor force
• D) equals the number of employed plus unemployed

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Definitions:

Annuity

A financial scheme that guarantees a set sequence of disbursements to an individual, frequently used to secure income in retirement.

GMAC Purchase Finance

Financial services related to buying, typically provided by General Motors Acceptance Corporation, focusing on auto loans and leases.

Cash Purchase Price

The amount of money required to buy a good, service, or asset without financing or credit.

Effective Interest Rate

The actual return on an investment or the real cost of borrowing, accounting for the effect of compounding interest.