A Proposal to Increase the Age at Which People Become

question 140

Multiple Choice

A proposal to increase the age at which people become eligible for government pensions would

• A) increase GDP,leaving everything else the same.
• B) decrease GDP,leaving everything else the same.
• C) leave GDP unchanged.
• D) increase GDP at the expense of non-working time.
• E) increase GDP and non-working timE.

---

Definitions:

Repeated Games

A game played by the same participants multiple times, allowing for the development of strategies based on previous outcomes.

Net Payoffs

The final amount of profit or loss after all gains and costs have been accounted for in a financial transaction or decision.

Oligopolist

A firm that is part of an industry where a small number of entities dominate the market, often leading to limited competition.