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
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Chapter1: Making Economics Decisions
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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.
Transcribed Image Text: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
Transcribed Image Text: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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