The Population Is Considered to Be Aging When

question 11

Multiple Choice

The population is considered to be aging when

• A) the median age of the population is increasing
• B) the median age of the population is decreasing
• C) the median age of the population stays the same
• D) the mean age of the population stays the same
• E) people begin to retire earlier

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Definitions:

Interest Rate

The fee, shown as a percent of the main amount, that a lender imposes on a borrower for the use of assets.

Price Ceiling

A legal maximum price that can be charged for a particular good or service, typically set by government.

Equilibrium Price

The price at which quantity demand is equal to quantity supplied.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power over time.