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Over the last few decades, the United States has experienced a significant decline in birth rates, which has also coincided with an increase in life

Over the last few decades, the United States has experienced a significant decline in birth rates, which has also coincided with an increase in life expectancy. As a result, the US population is aging. Based on our discussion in class, please describe (qualitatively) the impact of these shifting demographics on:

GDP

Total Factor Productivity

The Fiscal Deficit

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