Which of the following statements is TRUE regarding the population pyramids for Singapore and the Philippines?
◦ The population of Singapore is younger than the population of the Philippines.
◦ Singapore is less developed than the Philippines.
◦ Singapore has a lower natural increase rate than the Philippines.
◦ There are more elderly people in the Philippines than in Singapore.
◦ There is a greater likelihood of a future labor shortage in the Philippines than in Singapore.