The Number of Americans Over Age 55 Is Expected to Represent

question 44

Multiple Choice

The number of Americans over age 55 is expected to represent nearly what percent of the overall labor force by 2026?

• A) 10%
• B) 25%
• C) 33%
• D) 50%

---

Definitions:

Monetary Unit Assumption

An accounting assumption that requires that financial reports be expressed in a single monetary unit, or currency.

Economic Data

Statistical information reflecting the condition of an economy, such as GDP, employment rates, and inflation, used for analysis and policy-making.

Total Assets

The sum of everything of value owned by a business, including cash, securities, equipment, and real estate.

Liabilities

Liabilities are financial obligations or debts owed by a business or an individual to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.