Which of the following is a reason why the economic growth of a nation will slow as the population age 65 and older expands?
A) Older workers are better educated than younger workers.
B) When the elderly increase as a share of the total population,this will increase government spending on health care and retirement benefits and lead to higher taxes on current workers.
C) As people retire,high paying jobs are removed from the labor force and are replaced by low paying jobs.
D) Even though their incomes are low,the elderly population will have to pay higher taxes in order to support younger workers.
Correct Answer:
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