The Size of the Older Population in the United States

question 29

Multiple Choice

The size of the older population in the United States will increase
Dramatically in the early decades of the 21ˢᵗ century.By the year 2050,
There will be an estimated __________ people age 65 and older,as
Compared with 39.6 million in 2009.

• A) 50 million
• B) 60 million
• C) 70 million
• D) 88.5 million

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Definitions:

Aging

A method used to categorize and manage accounts receivable based on the length of time they have been outstanding.

Accounts Receivable

Amounts owed to a company by its customers for goods or services delivered or used but not yet paid for.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Advances

Payments or funds given ahead of a normal schedule or before the receipt of goods or completion of services.