One Tool Demographers Use to Understand the Effects of Population

question 41

Multiple Choice

One tool demographers use to understand the effects of population age structures is the ________ ratio, which relates the number of persons in what are considered the dependent-age categories to the number in the independent or working-age categories.

• A) independent
• B) dependency
• C) worker
• D) demography
• E) none of the above

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Definitions:

Utility Function

A representation in economics that measures preferences over a set of goods and services, often in order to derive an individual's optimal choice under constraints.

Income Bundle

A combination of goods and services that a consumer can purchase with their available income.

New Prices

The latest prices for goods or services, updated from previous values due to factors such as inflation, demand, or production costs.

Utility Function

A representation of a consumer's preference ranking over a set of goods and services, quantifying the satisfaction from each possible choice.