A Declining Dependency Ratio

question 31

Multiple Choice

A declining dependency ratio

• A)requires immediate and permanent increased spending on education and old-age medical expenses.
• B)requires increased spending on education but decreased costs associated with old-age medical expenses.
• C)requires permanently decreased spending on education but temporarily increased costs associated with old-age medical expenses.
• D)permits temporarily decreased spending on education and old-age medical expenses.

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Definitions:

Licensure Exam

A standardized test that individuals must pass to obtain a license to practice in certain professions, ensuring they meet the required competency standards.

Median

The middle value in a data set when the values are arranged in ascending or descending order.

Range

The simplest measure of variability is the range, which is calculated by subtracting the lowest score from the highest score and adding 1.

Normal Curve

A symmetrical bell-shaped curve representing a normal distribution in statistics, where the mean, median, and mode are equal.