Which of the Following Statements About Demographic Changes in the United

question 104

Multiple Choice

Which of the following statements about demographic changes in the United States is not true.

• A) Demographic changes like population groupings are difficult to anticipate.
• B) Senior citizens will grow in number rapidly from 2005 to 2025.
• C) The number of kids age 0-9 will grow from about 40 million to about 45 million from 2005 to 2025.
• D) In 2025 there will be fewer people over age 80 than under age 10.
• E) In 2005, the number of kids 0-9 was about the same as the number of those in their 20s.

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Definitions:

Free-Rider Problem

The inability of potential providers of an economically desirable good or service to obtain payment from those who benefit, because of nonexcludability.

Highly Profitable

Describing a business or activity that generates a significantly higher amount of earnings compared to its costs.

Private Firm

A business owned by private individuals or entities, not traded publicly and not owned by the government.

Good

A tangible item or consumable entity that can satisfy a want, need, or desire, making it useful or enjoyable to consumers.