From 1950 to 2050 in the U

question 87

Multiple Choice

From 1950 to 2050 in the U. S., the proportion of people age 65 and over in the population is expected to:

• A) decline slightly
• B) remain constant
• C) increase slightly
• D) increase dramatically

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Definitions:

Disposable Income

Disposable income is essentially the finance available for individuals or families to save or expend after all income tax charges have been subtracted.

Autonomous Consumption

Consumer spending that does not depend on current income, influenced instead by factors like wealth and basic needs.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the expenditures needed to meet basic needs.

Disposable Income

The available sum for households to allocate on spending and saving post the deduction of income taxes.