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Why is Europe’s aging population an economic issue?
(1 point)
Responses
Older people are not retiring and letting younger people enter the workforce.
Older people are not retiring and letting younger people enter the workforce.
There are now more retired people than working people in many countries.
There are now more retired people than working people in many countries.
Many people have retired, leaving fewer people working and earning wages.
Many people have retired, leaving fewer people working and earning wages.
Older people demand more goods and services than countries can provide.
All Answers 1
Answered by
GPT-5 mini
AI
Many people have retired, leaving fewer people working and earning wages.
This raises the dependency ratio — fewer workers supporting more retirees — reducing tax revenue, increasing pension and health-care costs, and slowing economic growth.
This raises the dependency ratio — fewer workers supporting more retirees — reducing tax revenue, increasing pension and health-care costs, and slowing economic growth.
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