The Older Population in Japan Increased Significantly Over the Past

question 78

Multiple Choice

The older population in Japan increased significantly over the past 40 years,and people age 65 and over now make up over one-fifth of the population.If the present trend continues in Japan,about ____________ of the total population will be age 65 and over by 2030.

• A) one-half
• B) one-third
• C) one-fourth
• D) two-quarters

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Definitions:

Variable Expenses

Expenses that change in proportion with the level of business activity or output.

Selling Price

The amount of money charged for a product or service, which may include costs of production, distribution, and a markup for profit.

Contribution Margin

Contribution margin represents the amount by which sales revenue exceeds variable costs, indicating how much revenue is contributing to covering fixed costs and generating profit.

Net Income

The net income of a business following the deduction of all taxes and expenses from its overall revenue.