Asked by Jaqueline Martinez on May 14, 2024
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An aging population poses fiscal problems for any country.
Aging Population
A demographic trend characterized by an increase in the median age of a population, often resulting from declining fertility rates and/or increasing life expectancy.
Fiscal Problems
Financial difficulties faced by a government due to a mismatch between its expenditures and revenues, leading to budget deficits and debt accumulation.
- Develop an understanding of the indicators in economy and society that reflect developmental stages among nations.
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Learning Objectives
- Develop an understanding of the indicators in economy and society that reflect developmental stages among nations.
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