One of the many obstacles facing developing countries is the reality that population tends to grow faster than the country's economy, which can prevent any upward movement of the standard of living for people. China decided to address this issue with a government "one child" policy, implemented in $1979,$ that limited couples to having only one baby, thus controlling the population growth of the country. Over the decades, China's population growth slowed.

China is now preparing for a new crisis that threatens to slow down China's growth in the future, based on

Choose one:

A$.$ a decrease in the supply of labor due to a change in the demographic composition of the workforce.

B$.$ the retraction of the "one child" policy that has spurred families to grow too quickly.

C$.$ a decreased need for social welfare programs due to fewer retirees $30$ years from now.

D$.$ its citizens becoming wealthier and more educated, so they don't need to work as much, or produce as much, to live comfortably.

Part $2(0\mathrm{.}5$ point$)$

See Hint

China is not the only country facing an aging workforce with fewer young people to take the place of retirees. Many countries such as Japan, Germany, and the United States are seeing similar scenarios play out in their economies as well. Choose all of the potential actions that could assist in stabilizing this type of labor market.

Choose one or more: