Which of the Following Is an Implication of the Retirement

question 54

Multiple Choice

Which of the following is an implication of the retirement of baby boomers?

• A) The current workforce will adequately compensate the manpower shortage left behind by baby boomers.
• B) The baby boomers' knowledge and expertise will be transferred to the current workforce because it is formalized.
• C) Baby boomers will live longer, resulting in higher health-care costs for the current workforce.
• D) Baby boomers will survive in sufficient comfort owing to the abundant savings they collected over decades.
• E) The current workforce will pay less toward the Social Security needs than those of the baby boomer generation.

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Definitions:

U.S. GDP

The total market value of all goods and services produced within the United States in a given year.

Groceries

Items of food and other household necessities that are purchased regularly for consumption.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all final goods and services produced within a country's borders in a specific time period.

Final Goods

Products that have been processed to their final form and are ready for use by the consumer or to be incorporated into another product.