Which Group of Older People Are Not Main Users of Formal

question 14

Multiple Choice

Which group of older people are not main users of formal services?

• A) Frail couples living in their home
• B) Those who live alone
• C) Men
• D) Those over 75 years of age with poor self-reported health

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Definitions:

Limited Budget

A financial constraint that limits the amount of money available for spending or investing.

Marginal Utilities

refers to the additional satisfaction or utility gained by consuming one more unit of a good or service.

Money Income

Money income includes the total earnings received by an individual or household in the form of wages, salaries, benefits, and returns on investments over a period.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, where individuals substitute away from more expensive goods towards cheaper ones.