The Number of Workers Required to Support One Dependent Member

question 64

Multiple Choice

The number of workers required to support one dependent member of society is called the ________.

• A) disengagement coefficient
• B) Social Security factor
• C) dependency ratio
• D) correlation coefficient

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Definitions:

Statistical Discrepancy

The difference between two figures that are expected to be equivalent, often arising from timing or measurement errors in data collection.

GDP

A metric for evaluating the economic success of a nation, Gross Domestic Product calculates the overall value of goods and services generated over a designated period.

GNP

Gross National Product; the total value of goods produced and services provided by a country during one year, including net income from abroad.

Net Factor Payments

The difference between the payments made to factors of production from abroad and the payments made to foreign factors of production domestically.