Scenario 7.2 Suppose It Has Been Recently Predicted That in the Year

question 111

Multiple Choice

Scenario 7.2
Suppose it has been recently predicted that in the year 2020, the total number of residents in the United States will be 315.5 million, the number of residents under 16 years of age will be 85 million, the number of institutionalized adults will be 17 million, the number of adults not actively looking for work will be 39 million, and the number of unemployed will be 21.5 million.
-Refer to the data in Scenario 7.2. What will be the size of the labor force in the United States in the year 2020?

• A) 153 million
• B) 294 million
• C) 174.5 million
• D) 198 million
• E) 315.5 million

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Definitions:

Tax Efficacy

The effectiveness of a tax system or policy in achieving its intended financial or economic objectives while minimizing negative impacts on taxpayers.

Strategic Philanthropy

A form of philanthropy where donors seek to achieve the greatest possible impact through their charitable activities by using data, research, and careful planning to address systemic issues.

Charitable Gift Annuity

A financial arrangement in which an individual donates assets to a charity in exchange for a fixed income stream for a specified term or for life.

Gifts-In-Kind

Non-monetary items of tangible personal property or services provided to an organization as donations.