The Economics of Aging Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of the following set of expenses would you expect to be more relevant for a working older adult than a retiree, according to research from Aguiar and Hurst?

Question 2 2. Choose one reason why there is an increased private-sector focus on providing services specifically to older adults.

Question 3 3. Which of the following was established as a central hub of the federal government to oversee the administration and funding for organizations and services that support older adults?

Question 4 4. What may an older person experience when his or her income needs are greater than can be covered by available sources of income?

Question 5 5. Select the true statement.

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Question 6 6. What term could you use to describe the amount of money you need each month to cover your expenses?

Question 7 7. What is one reason why the Older Americans Act was important?

Question 8 8. Of the following, what area can affect an aging person's income needs?

Question 9 9. What are the greatest expenditures of the typical older adult?

Question 10 10. What is the best way to describe the types of products and services sought by an older population compared to a younger population?

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Question 11 11. Expenditures can best be described as:

Question 12 12. Which of the following expenditures typically decreases after a person retires, according to Aguiar and Hurst?

Question 13 13. In what way can inflation negatively impact an older adult?

Question 14 14. Which of the following is one of the reasons that older adult are targeted for fraud?

Question 15 15. Which action can best be described as fraud?

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Question 16 16. What is one way an increase in inflation typically affects a younger consumer differently than an older consumer?

Question 17 17. What is a primary reason people engage in precautionary saving?

Question 18 18. Which of the following is a product or service could be used by an older adult?

Question 19 19. What income source tends to be prominent during most of adulthood?

Question 20 20. Which income source is more often associated with older adults than younger adults?

The Economics of Aging Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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