According to the Text,which of the Following Could Decrease the Dependency

question 50

Multiple Choice

According to the text,which of the following could decrease the dependency burden?

• A) if the economy weakens
• B) if the income of middle-aged people improves relative to services to the old
• C) if the income for the working class improves at a rate of 1% over inflation
• D) if middle-income earners increase the use of private pension plans

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Definitions:

GDP

Gross Domestic Product quantifies the complete market or monetary valuation of all end products and services fabricated within a nation's perimeter during a distinct interval.

GDP Deflator

A gauge for the price rates of all fresh, domestically created, final goods and services in a nation's economy, applied in converting nominal GDP to real GDP.

Real GDP

The total value of all goods and services produced by a country over a specific time period, adjusted for changes in price or inflation.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced over a specific time period in real terms.