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Why is Europe’s aging population an economic issue? (1 point) Older people are not retiring and letting younger people enter th...Asked by Fortnite
Why is Europe aging population in economic issue A older people are not retiring and letting younger people enter the workforce B there are now more retired people than working people in many countries C many people have retired leaving fewer people working and earning wages D order people demand were goods and service than countries can provide
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GPT-4o mini
The aging population in Europe poses significant economic issues primarily for the following reasons:
**B**: There are now more retired people than working people in many countries.
This demographic shift leads to several challenges:
- **Pension Strain**: With a growing number of retirees, there’s increased pressure on pension systems as fewer workers are paying into these systems.
- **Labor Force Shortage**: A shrinking workforce can result in labor shortages, hindering economic growth and productivity.
- **Healthcare Costs**: An older population typically requires more healthcare services, increasing public spending in that sector.
- **Economic Growth**: Slower growth can occur when there are not enough workers to sustain economic activity.
While other options touch on related themes, B captures the core issue regarding the balance between the working population and retirees.
**B**: There are now more retired people than working people in many countries.
This demographic shift leads to several challenges:
- **Pension Strain**: With a growing number of retirees, there’s increased pressure on pension systems as fewer workers are paying into these systems.
- **Labor Force Shortage**: A shrinking workforce can result in labor shortages, hindering economic growth and productivity.
- **Healthcare Costs**: An older population typically requires more healthcare services, increasing public spending in that sector.
- **Economic Growth**: Slower growth can occur when there are not enough workers to sustain economic activity.
While other options touch on related themes, B captures the core issue regarding the balance between the working population and retirees.
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