Read the passage below and summarize it using one sentence. Type your response in the box at the bottom of the screen. You have 10 minutes to finish this task. Your response will be judge on the quality of your writing and on how well your response presents the key points in the passage.
In 2005 Japan had the very best median age of all countries within the world, whereas Australia’s population was solely moderately aged. Some fifty years agone the demographic scenario was quite completely different, with the median age of Australia’s population being seven years older than Japan’s.
The aging of the population could be a major issue for Australian policy manufacturers, significantly in reference to the long¬term implications for reduced economic process and therefore the increasing demand for Age of Pensions, and health aged care services. because the population ages, growth within the variety of individuals of operating age can slow, whereas seven the proportion of individuals of retirement age can increase.
Sustained population aging additionally results in deceleration or negative increase. whereas declining increase in developed countries is welcome by some conservationist and social scientists, economists tend to agree that population decline brings gloomy economic prospects. additionally to the decrease in the labor offer, the demand facet of the economy could also be affected by shrinking markets for merchandise and services.
How quickly this happens depends on the dynamics of fertility, mortality and overseas migration. whereas a moderate pace of demographic amendment permits for gradual adjustment of the economy and policies to the ever-changing population demographics, speedy changes area unit harder to manage. As a result, governments and society as an entire might have to require actions to handle these problems. however severe is that the aging of Australia’s population, relative to different countries?
One way of applying a degree of perspective to the aging dialogue is to check to age in Australia the response different countries. this text examines the population structures in Australia and Japan and therefore the demographic forces that form the individual populations, each traditionally and projections for the long run.