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Question: The Australian government is concerned about their intergenerational equity problems, Key problems arise from a larger number of older retired people being supported by a smaller workforce of young people, and from ever increasing budget deficits to be paid for by younger people.
Encouraging older people to stay in the labour force rather than retire would help fix this problem.
a) true
b) false
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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