What Has Happened to the Ratio of the Population Age

question 162

Multiple Choice

What has happened to the ratio of the population age 50 to 75 years divided by the population under age 50 in the high-income industrial countries in recent decades?

• A) This ratio has declined and some economists believe this change has pushed interest rates upward.
• B) This ratio has increased and some economists believe this change has pushed interest rates downward.
• C) This ratio has increased and some economists believe this change has increased aggregate demand and led to higher rates of inflation.
• D) This ratio has been virtually unchanged in high-income countries during recent decades.

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Definitions:

Finished Goods

Items that have finished the production process and are available for purchase.

Factory Overhead

All indirect costs involved in the production process, such as utilities and maintenance, not directly tied to production output.

Debit Balance

A financial condition where the total debits in an account exceed the total credits, often indicating amounts owed.

Credit Balance

The amount residing in a financial account that indicates credit or the sum payable to a party, opposite of a debit balance.