The Country with the Oldest Population,both in Terms of Median

question 8

Multiple Choice

The country with the oldest population,both in terms of median population and the number of persons older than age 60,is:

• A) Japan.
• B) Sweden.
• C) China.
• D) Ireland.

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Definitions:

Income Quintile

A statistical measure dividing the population into five equal groups according to income levels.

Excise Tax

A charge imposed on certain products, services, or transactions, commonly integrated into the cost of the item.

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare, essentially who bears the burden of a tax.

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or as inputs in the production of other goods.