(Last Word) It Is Expected That by 2050, Most Nations

question 81

Multiple Choice

(Last Word) It is expected that by 2050, most nations will have decreasing populations.With the likely decline in the labor force and number of hours of work in the economy, what must occur for real GDP to continue to rise?

• A)Increasing amounts of natural resources must be brought into production.
• B)Labor productivity must grow faster than the drop in work hours.
• C)Consumption spending must grow faster than the drop in work hours.
• D)Government spending and tax policy must be altered to stimulate sufficient demand.

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Definitions:

Cognitive Development

The process by which individuals acquire and evolve their thinking abilities, including perceiving, remembering, understanding, and reasoning.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development that describes how children construct a mental model of the world.

Nonverbal Communication

The process of conveying a message without the use of words; it includes gestures, facial expressions, body language, and posture.

Gender Differences

Variations in the characteristics, behaviors, or attitudes between males and females due to biological, social, and cultural factors.