Final answer:
Both limited change in VO2 max until age 40 and the age-related decline in VO2 max of approximately 1% per year after age 40 are correct.
Step-by-step explanation:
The correct statement about age-related changes in VO2 max is: b. Both Limited change in VO2 max occurs until age 40 and The age-related decline in VO2 max is approximately 1% per year after age 40 are correct.
As individuals age, their VO2 max, or maximum oxygen consumption, decreases. Until the age of 40, there is limited change in VO2 max. However, after the age of 40, there is an approximate decline of 1% per year in VO2 max.