13-3, GDP AND POPULATION, P.P MAIN IDEA-PROJECTED POPULATION TRENDS CAN HELP DETERMINE THE DIRECTION OF ECONOMIC DEVELOPMENTS.
BACKGROUND FOR AN ECONOMY TO GROW, IT’S FACTORS OF PRODUCTION MUST GROW OR BECOME MORE PRODUCTIVE. ONE FACTOR, LABOR IS CLOSELY TIED TO POPULATION. IF A NATION’S POPULATION GROWS FASTER THAN OUTPUT, IT CAN END UP WITH MORE MOUTHS THAN IT CAN FEED.
POPULATION IN THE U.S. CONSTITUTION- CENSUS MUST BE TAKEN EVERY 10 YEARS (DECENNIAL) CENSUS BUREAU-COUNTS IT. URBAN POPULATION-TOWNS 2500 OR LARGER. RURAL POP.-THE REST
FACTS RATE OF POP. GROWTH HAS STEADILY DECLINED. HOUSEHOLD SIZE IS SMALLER OVER TIME. REGIONAL CHANGE-SHIFT TO WEST AND SOUTHWEST; NORTHEAST LOST POP.
PROJECTED POPULATION TRENDS FERTILITY RATE- BARELY ABOVE REPLACEMENT LEVEL. LIFE EXPECTANCY-GROWING TO 82.5 (2050) NET IMMIGRATION THESE 3 FACTORS POINT TO POP. GROWTH TO CONTINUE TO DECLINE.
POP. TRENDS (CONT’D) PROJECTIONS BY AGE AND GENDER-BABY BOOM (BORN ) CREATE A BULGE IN THE POP. PYRAMID. DEPENDENCY RATIO-OF OLDER PEOPLE RETIRED TO WORKERS RISES TO 78/100 BY WOMEN OUTLIVE MEN ETHNIC-ASIANS, LATINOS AND AFRICAN AMERICAN GROUPS WILL GROW FASTER THAN WHITES AND WHITES WILL HAVE A BARE MAJORITY OF 52.7% BY 2050.