Which of the Following Statements Best Characterizes the United States

question 109

Multiple Choice

Which of the following statements best characterizes the United States' population relative to that of other industrialized countries?

• A)Much like other industrialized countries, the age profile of the United States' population has remained fairly constant over time.
• B)The United States' population is aging and has always been older than citizens of most industrialized countries.
• C)Although the population of the United States is becoming younger, Americans tend to be older than citizens of most industrialized countries.
• D)Although the population of the United States is aging, Americans tend to be younger than citizens of most industrialized countries.

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Definitions:

Long-Run Aggregate-Supply

is the total supply of goods and services that a country's economy can produce over time when all inputs are used to their full potential.

Aggregate Demand

It's the total demand for goods and services in an economy at a given overall price level and in a given time period.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given price level in a given time period.

Consumption Expenditures

The total amount spent by households on goods and services for personal use within a specified period.