The "Graying" of the U

question 26

Multiple Choice

The "graying" of the U.S. population as it relates to healthcare means that

• A)We are becoming healthier as a nation because older people are now exercising more.
• B)Although our population is older, healthcare costs are reduced because we are healthier as we age.
• C)The U.S. will be confronted with more chronic health issues because as we age, more chronic health conditions develop. This will result in more stress on the U.S. healthcare system.
• D)None of the above

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Definitions:

Rental Payments

Periodic payments made by a lessee to a lessor for the use of an asset.

Received

A term denoting that something has been accepted or collected, often used in financial transactions or in the acknowledgment of messages or goods.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.

Fiscal Period

A specific time period used for accounting purposes and financial reporting, typically a year, broken into quarters or months.