Why Can We Expect the Number of Elders in Our

question 100

Multiple Choice

Why can we expect the number of elders in our society to rise to new levels in the years to come?

• A) Immigration is bringing more elderly people to this country.
• B) Government benefits to the elderly are going up.
• C) The country's large baby boomer cohort is now entering old age.
• D) An increasing number of people are dying at a young age.

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Definitions:

Per Capita GDP

The average economic output per person, calculated by dividing the Gross Domestic Product (GDP) of a country by its total population.

GPI

Genuine Progress Indicator, an alternative measure to GDP that takes into account the environmental and social costs of economic activity.

Per Capita Real GDP

A measure of a country's economic output that accounts for its number of people, adjusting for inflation to represent the value of goods and services produced per person.

Expenditures Approach

A method for calculating GDP that sums total spending on goods and services within an economy, including consumption, investment, government spending, and net exports.