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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