-Based on the Population Pyramid of the United States in 2010

question 53

Multiple Choice

-Based on the population pyramid of the United States in 2010, as seen in this figure, what predictions can be made about the population?

• A) It will be in a demographic transition.
• B) It will experience a decrease.
• C) It will experience a decrease after a period of high demographic momentum.
• D) It will remain relatively stable due to low demographic momentum.

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Definitions:

Net Assets

The difference between total assets and total liabilities, representing the residual interest in the assets of an entity after deducting liabilities.

Unrecognized Prior Service Cost

Refers to costs from past services not yet recognized in financial statements for pension plans.

Accrued/Prepaid Pension Cost

Expenses related to pension plans that have been incurred but not yet paid, or paid in advance of the period to which they apply.

Accumulated Other Comprehensive Income

A component of shareholders' equity that includes all changes in equity from non-owner sources, excluding net income.