Trends observed in the shifting world population indicate that people aged 65 or more will soon outnumber those aged 5 or less.Also,the world's population aged over 80 is expected to more than double by the year 2040.Which of the following is a likely implication of such population trends?
A)decreasing demands on social entitlement programs
B)increasing global savings rates
C)dwindling labor supply
D)decreasing preference for white-collar occupations

Question

Quizplus · Accepted Answer

As the older population grows, there will be a reduced labor supply. This is because older individuals are more likely to retire and also tend to have a lower participation rate in the labor force. This could result in a shortage of workers and potential economic impacts. A and B are unlikely implications as an aging population is likely to place more demand on social entitlement programs and have lower savings rates. D does not necessarily follow from the given information.

Trends Observed in the Shifting World Population Indicate That People