Question

If the proportion of dependent age group increases in the composition of population, how will it affect the economy of the country​

Answer 1

Answer: A big factor in determining the impact of an ageing population is future rates of economic growth. ... This decline in economic growth will increase the pressure on public finances from an ageing population. Strong economic growth, increases tax revenues and makes it easier to fund pension commitments.

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Answer 2

A big factor in determining the impact of an ageing population is future rates of economic growth. ... This decline in economic growth will increase the pressure on public finances from an ageing population. Strong economic growth, increases tax revenues and makes it easier to fund pension commitments.