The Working-Age Population Includes

question 289

Multiple Choice

The working-age population includes

• A)those in jails and hospitals.
• B)youngsters between the ages of 14 and 16 if they are working at least part time.
• C)employed and unemployed people over the age of 16.
• D)only employed people over the age of 16.
• E)people over the age of 16 who are in the Army.

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Definitions:

Present Value

The today's worth of a forthcoming sum of money or succession of cash flows, given a specific rate of return.

Compounded Semi-annually

Interest on a loan or investment calculated twice a year, added to the principal sum, and earning interest thereafter.

Mortgage Loan

A loan secured by real property through the use of a mortgage note, typically used to purchase property.

Compounded Annually

Compounded annually refers to the process of earning interest on both the initial principal and the accumulated interest from previous periods once a year.