Essay Available:
Pages:
1 page/≈275 words
Sources:
Check Instructions
Style:
Other
Subject:
Mathematics & Economics
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.83
Topic:
Changes in Demand. Mathematics & Economics Coursework
Coursework Instructions:
Other things equal, an increase in the number of buyers for a product or service will increase demand. For example, baby diapers and retirement villages are two products designed for different population groups.
Please review "Projections of the Size and Composition of the U.S. Population: 2014 to 2060" generated by the U.S. Census Bureau which outlines population projections by age and answer the corresponding questions.
Which age group is growing fastest?
Which age group is growing slowest?
Did anything surprise you?
What products might see an increase in demand because of these population changes?
What products might see a decrease in demand because of these population changes?
Coursework Sample Content Preview:
Changes in Demand
Which age group is growing the fastest?
* The older population is growing fastest. By 2060, the older population will have increased from 48 million (as of 2014) to 98 million. An increase of more than 50 million is, therefore, expected with the largest increase coming between 2020 and 2030.
Which age group is growing slowest?
* The youth population is growing slowest. Every group is expected to have increased. However, for the youth population, the change will be slowest. As of 2014, the youth population was 74 million and the expectation is that this number will increase to 82 million by 2060.
Did anything surprise you?
* Yes. Nearly one in five of the nation’s total population is projected to be foreign-born. This came as a surprise because, in the face of the heated immigration debates, the number of foreign-born Americans is projected to continue rising. This is shocking considering the current administrati...
Which age group is growing the fastest?
* The older population is growing fastest. By 2060, the older population will have increased from 48 million (as of 2014) to 98 million. An increase of more than 50 million is, therefore, expected with the largest increase coming between 2020 and 2030.
Which age group is growing slowest?
* The youth population is growing slowest. Every group is expected to have increased. However, for the youth population, the change will be slowest. As of 2014, the youth population was 74 million and the expectation is that this number will increase to 82 million by 2060.
Did anything surprise you?
* Yes. Nearly one in five of the nation’s total population is projected to be foreign-born. This came as a surprise because, in the face of the heated immigration debates, the number of foreign-born Americans is projected to continue rising. This is shocking considering the current administrati...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
👀 Other Visitors are Viewing These Other Coursework Samples:
- Country Project: South Korea does not restrict FDI.3 pages/≈825 words | Other | Mathematics & Economics | Coursework |
- Coursework for Econ Development2 pages/≈550 words | 2 Sources | Other | Mathematics & Economics | Coursework |
- Operations Management: Natural Blends3 pages/≈825 words | No Sources | Other | Mathematics & Economics | Coursework |
- Macroeconomics Coursework: People Face Trade Offs1 page/≈550 words | No Sources | Other | Mathematics & Economics | Coursework |
- Trade in G&S, New Trade Theory, and Trading Partners2 pages/≈550 words | Other | Mathematics & Economics | Coursework |
- Problem Set For Economic Development2 pages/≈550 words | 2 Sources | Other | Mathematics & Economics | Coursework |
- Country Project: Understanding Foreign Exchange 2 pages/≈550 words | Other | Mathematics & Economics | Coursework |