O-LevelEconomicsEconomic development2281/11 · May/June 2011 · Q351 Mark

Many developed countries are faced with an ageing population. What is the likely result of this?

Areduced dependency ratio

Bincreased mobility of labour

Cincreased spending on medical care

Dreduced tax levels

✓ Correct answer

C: increased spending on medical care

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Topic: Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2011 Paper 1 Variant 1, question 35.

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