Which of the Following Is TRUE with Regards to an Aging

question 50

Multiple Choice

Which of the following is TRUE with regards to an aging society?

• A)the proportion of middle-aged and elderly steadily increases relative to younger age cohorts.
• B)the proportion of younger and middle-aged increase relative to elderly cohorts.
• C)the fertility rate increases to at least 2.5.
• D)the proportion of people living beyond 65 decreases.

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Definitions:

Derived Demand

The demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for automobiles.

Wage Rate

The amount of money a worker is paid per unit of time, such as an hour or a month.

Marginal Physical Product

The additional output resulting from one more unit of a specific input, assuming all other inputs remain constant.

Marginal Revenue Product

Marginal revenue product measures the additional revenue generated by employing one more unit of input, commonly used to analyze labor and capital contributions.