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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 8
The following table gives the population at different ages for the city of Elizabeth, New Jersey, in the 2000 census.
a) What is the old-age dependency ratio in Elizabeth?
b) Table 20.5 showed the annual cost of health care per person, by age. Suppose the annual cost of educating the average 10-year-old is $10,000. According to the data in Table 20.5, is the cost of education plus health care for a 10-year-old greater or less than the health care cost for an adult older than 65?
Reference Table 20.5
a) What is the old-age dependency ratio in Elizabeth?
b) Table 20.5 showed the annual cost of health care per person, by age. Suppose the annual cost of educating the average 10-year-old is $10,000. According to the data in Table 20.5, is the cost of education plus health care for a 10-year-old greater or less than the health care cost for an adult older than 65?
Reference Table 20.5
Explanation
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Verified
a)Old age dependency ratio is the ratio ...
Economics: The Basics 1st Edition by Mike Mandel
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