We address tcg 카드 게임 effects of population aging on economic growth, taking account of itsgrowth-delaying effects, through tcg 카드 게임 reduction of capital accumulation and labor force, andtcg 카드 게임 R&D investment reduction due to its lowered return resulting from reduced market size,as well as its growth-promoting effects, through tcg 카드 게임 increase in educational investment dueto decrease in tcg 카드 게임 number of child per parent. tcg 카드 게임 policy simulations with a generalequilibrium model and its calibration, reflecting tcg 카드 게임 Korean economy, show that: (1) tcg 카드 게임population aging delays technological progress as well as quantitative economic growth; (2)tcg 카드 게임 government subsidies to R&D and educational investment can partly compensate for tcg 카드 게임loss in economic growth due to tcg 카드 게임 population aging, but tcg 카드 게임y cannot deal with tcg 카드 게임 problemfundamentally; and (3) tcg 카드 게임 optimal subsidy rates to R&D and education are quite high,ranging from 50 to 70% to R&D and from 70 to 80% to education.