GDP/population = GDP/worker x Workers/People Aged 15 to 65 x People Aged 15 to 65/Total population
Q: Assume that government pension policy encourages all workers over the age of 65 to retire. Consider what would happen if the share of a nation's population that is of working age (15 to 65) decreases because people live longer, causing the fraction of people over age 65 to increase.
True or False: In this case, if labor productivity and the employment rate remain constant, GDP per capita will decline.
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