If DrDemography Is Discussing the Median Age,she Means the Age at at Which

question 153

Multiple Choice

If Dr.Demography is discussing the median age,she means the age at which:

• A)half the population is older and half is younger.
• B)people reach middle age.
• C)the number of people in the middle of the population.
• D)half the population is richer and half is poorer.

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Definitions:

Annual Consumption

The total amount of goods and services used or consumed by individuals or groups within a one-year period.

Disposable Income

Disposable income refers to the amount of money that households have available for spending and saving after income taxes have been accounted for.

Aggregate Household Wealth

The total net worth held by the households in an economy, combining all assets minus liabilities.

Durable Goods

Things that last at least a year or two.