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Asked by Jaqueline Martinez on May 14, 2024

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An aging population poses fiscal problems for any country.

Aging Population

A demographic trend characterized by an increase in the median age of a population, often resulting from declining fertility rates and/or increasing life expectancy.

Fiscal Problems

Financial difficulties faced by a government due to a mismatch between its expenditures and revenues, leading to budget deficits and debt accumulation.

  • Develop an understanding of the indicators in economy and society that reflect developmental stages among nations.
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KM
Kirklyn MasonMay 15, 2024
Final Answer :
True
Explanation :
As a population ages, there are fewer people in the workforce paying taxes, while there is increased demand for healthcare and pensions. This can create fiscal challenges for governments who must balance these costs with other public expenditures.

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