
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 14
LAST WORD Would you expect a country with a total fertility rate of 2.7 to have a growing or a shrinking population over the long run? What about a country with a total fertility rate of 1.2? In 20 years, will America have more or fewer workers per retiree than it does today? Why does a falling inverse dependency ratio make it harder for real GDP to continue growing?
Explanation
A fertility rate of 2.1 births per woman...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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