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Problem

Imagine that, faced with budget shortfalls, a government changes its current policy of granting tax credits based on family size to a flat rate tax credit for a family with one or more children.

a. Over time, what will happen to the average age in the population?

b. Over time, what will happen to the size of the workforce?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92758049

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