Read the Following Statements About Population Decline in High-Income Nations

question 1

Multiple Choice

Read the following statements about population decline in high-income nations. Which statement is CORRECT?

• A) The population pyramid for these countries will become less a pyramid and more like a square.
• B) As population declines, the average age of the population will steadily decrease.
• C) As average age increases, there will not be enough younger people to support the elderly population.
• D) With fewer people to feed and clothe, these nations will save money.

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Definitions:

Partnership

A legal form of business operation where two or more individuals share ownership, as well as the responsibility for managing the business and the sharing of its profits and losses.

Personal Income Tax

A tax levied on an individual's income, including wages, salaries, and other earnings, by the government.

Benefits-Received Principle

A theory in tax policy stating that taxes should be levied in accordance with the level of government services and benefits an individual or entity receives.

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.