Questions: Share of old age population (65 years and older) in the total U.S. population from 1950 to 2050 Percentage of total population 7%, 8%, 9%, 10%, 11%, 12.5%, 13%, 15%, 17.5%, 20%, 22.5%, 25% 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2030, 2040, 2050 8%, 9%, 11.3%, 12.5%, 12.4%, 13.1%, 15.3%, 16.9%, 17.3%, 20.6%, 21.6%, 22% Source: Own illustration based on U.S. Census Bureau, 1950 to 2000; U.S. Census Bureau, 2012b for years 2010 to 2050. U.S. Census Bureau

Share of old age population (65 years and older) in the total U.S. population from 1950 to 2050

Percentage of total population

7%, 8%, 9%, 10%, 11%, 12.5%, 13%, 15%, 17.5%, 20%, 22.5%, 25%

1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2030, 2040, 2050

8%, 9%, 11.3%, 12.5%, 12.4%, 13.1%, 15.3%, 16.9%, 17.3%, 20.6%, 21.6%, 22%

Source: Own illustration based on U.S. Census Bureau, 1950 to 2000; U.S. Census Bureau, 2012b for years 2010 to 2050. U.S. Census Bureau
Transcript text: Share of old age population (65 years and older) in the total U.S. population from 1950 to 2050 Percentage of total population 7%, 8%, 9%, 10%, 11%, 12.5%, 13%, 15%, 17.5%, 20%, 22.5%, 25% 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2030, 2040, 2050 8%, 9%, 11.3%, 12.5%, 12.4%, 13.1%, 15.3%, 16.9%, 17.3%, 20.6%, 21.6%, 22% Source: Own illustration based on U.S. Census Bureau, 1950 to 2000; U.S. Census Bureau, 2012b for years 2010 to 2050. U.S. Census Bureau
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Solution

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Solution Steps

Step 1: Find the percentage of the population 65 and older in 1950

According to the graph, the percentage of the population aged 65 and older in 1950 was 8%.

Step 2: Find the percentage of the population 65 and older in 2000

According to the graph, the percentage of the population aged 65 and older in 2000 was 12.4%.

Step 3: Calculate the relative change

Relative change is calculated using the formula: [(New Value - Old Value) / Old Value] * 100

In this case, the new value is 12.4% (the percentage in 2000) and the old value is 8% (the percentage in 1950). Therefore, the relative change is:

[(12.4 - 8) / 8] * 100 = (4.4 / 8) * 100 = 0.55 * 100 = 55

Final Answer: 55

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