In 1950 the Number of Retirees Was Approximately 150 Per

question 97

Multiple Choice

In 1950 the number of retirees was approximately 150 per thousand people aged 20-64. In 1990 this number rose to approximately 200, and it is projected to rise to 275 in 2020. Model as a piecewise linear function of the time in years since 1950, and use your model to project the number of retires per thousand people aged 20-64 in 1955. (Round you answer to the nearest integer.)

• A) people per thousand
• B) people per thousand
• C) people per thousand
• D) people per thousand
• E) people per thousand

---

Definitions:

Price-sensitive

Referring to the characteristic of consumers whose buying decisions are greatly influenced by the price of a product or service.

Price Level

The average of current prices across the entire spectrum of goods and services in an economy, reflecting inflation or deflation.

Approaches

Methods or strategies employed in dealing with a problem or task.

Technology-enabled Products

Goods or services enhanced with technological features or capabilities, offering additional value or functionality.