The main reason for the current decline in the growth rate of aggregate hours is that the growth rate of the working-age population is declining.

Question

Quizplus · Accepted Answer

The growth rate of aggregate hours is closely tied to the growth rate of the working-age population, as there are fewer available workers to contribute to economic growth as the population ages and/or declines in size. Therefore, if the growth rate of the working-age population slows down, the growth rate of aggregate hours is likely to decline as well.

The Main Reason for the Current Decline in the Growth