Rapid population decline cannot cause:a.less government revenue with fewer workersb.economic growthc.decrease in retirement aged.labor shortage
Question
Rapid population decline cannot cause:
a. less government revenue with fewer workers
b. economic growth
c. decrease in retirement age
d. labor shortage
Solution
The rapid population decline cannot cause economic growth. Here's why:
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Economic growth is typically driven by an increase in productive capacity, often fueled by a growing population that provides labor and demand for goods and services.
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A declining population means fewer workers, which can lead to a decrease in total output and slow economic growth.
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Fewer people also mean less demand for goods and services, which can lead to a decrease in economic activity and slow economic growth.
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Additionally, a declining population can lead to an aging population, which can put pressure on pension systems and healthcare services, further slowing economic growth.
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Therefore, while a rapid population decline can lead to less government revenue with fewer workers, a decrease in retirement age, and a labor shortage, it cannot cause economic growth.
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