3. How are the increase in life expectancy and ageing population in Norway affecting theaggregate supply? Use the data given above to explain your answer. Table 3. DemographicsYearPopulation(millions)200719820142082021249Population ages65 and older(millions)6.78.39.5

Northern Europe's economy has been characterized by technological innovation, substantial wealth,…

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How are the increase in life expectancy and ageing population in Norway affecting the aggregate supply? Use the data given above to explain your answer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

3. How are the increase in life expectancy and ageing population in Norway affecting the
aggregate supply? Use the data given above to explain your answer.

Table 3. Demographics
Year
Population
(millions)
2007
198
2014
208
2021
249
Population ages
65 and older
(millions)
6.7
8.3
9.5

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