Which of the Following Best Explains Why the Turnout Ratio

question 10

Multiple Choice

Which of the following best explains why the turnout ratio, using voting-age population as the baseline, understates the true turnout rate?

• A)The voting-age population increases the size of the baseline because the voting-age population includes adults over 21.
• B)The voting-age population increases the size of the baseline because the voting-age population includes individuals who are ineligible to vote, such as noncitizens and felons.
• C)The voting-age population decreases the size of the baseline because it excludes noncitizens and felons.
• D)The voting-age population decreases the size of the baseline because it only includes eligible voters.
• E)The voting-age population decreases the size of the baseline because it includes only adults who have previously voted.

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Definitions:

Bond Indenture

A legal contract specifying the terms and conditions under which bonds are issued, including details of interest payments and the maturity date.

Contract Rate

The agreed-upon interest rate specified in a contract, often relating to loans or bond issues.

Effective Rate

The interest rate on a loan or financial product, rephrased to reflect the actual annual cost of the product over its repayment term.

Bond Discount

The difference between the bond's face value and its selling price when it is sold for less than its face value, representing the additional interest expense to the issuer.