Which of the Following Is a Reason Why the Economic

question 28

Multiple Choice

Which of the following is a reason why the economic growth of a nation will slow as the population age 65 and older expands?

• A)Older workers are better educated than younger workers.
• B)When the elderly increase as a share of the total population,this will increase government spending on health care and retirement benefits and lead to higher taxes on current workers.
• C)As people retire,high paying jobs are removed from the labor force and are replaced by low paying jobs.
• D)Even though their incomes are low,the elderly population will have to pay higher taxes in order to support younger workers.

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Definitions:

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events happen with a known constant rate and independently of the time since the last event.

Service Rate

The speed at which a service provider can complete work or deliver services, often measured in customers served per unit of time or tasks completed per day.

Arrival Rate

The frequency at which entities (such as customers, materials, or information) reach a system or service point, often measured in entities per time unit.

Queue Discipline

Describes the rule or set of rules used to prioritize and manage elements in a queue, determining the order in which they are serviced.