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The old country: Get ready for an ageing Ireland - Junior Cycle Business Studies - Question 15 - 2022

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The old country: Get ready for an ageing Ireland. Adapted from the Irish Times. (i) Name a government department that will be affected by an older Irish population... show full transcript

Worked Solution & Example Answer:The old country: Get ready for an ageing Ireland - Junior Cycle Business Studies - Question 15 - 2022

Step 1

Name a government department that will be affected by an older Irish population.

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Answer

The Department of Health will be significantly affected by an older Irish population due to the increasing need for healthcare services.

Step 2

Explain two ways this change in age profile will increase government expenditure.

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Answer

  1. The government will need to increase investments in hospitals and medical facilities to meet the higher demand for healthcare services as the population ages, resulting in increased governmental spending.

  2. There will be a greater demand for pensions, as more individuals retire and become eligible for state pensions. This will require the government to allocate more funds to support these pension schemes.

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