All of the Following Changes Would Reduce the Long-Range Deficit

question 43

Multiple Choice

All of the following changes would reduce the long-range deficit for the Social Security program EXCEPT

• A)increase the OASDI taxable wage base.
• B)delay scheduled increases in the full retirement age.
• C)make all OASDI benefits fully taxable.
• D)use general revenues of the federal government to help pay benefits.

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Definitions:

Phenomenon

An observable event or a remarkable occurrence that can be scientifically described or investigated.

Null Hypothesis

An empirically testable hypothesis that two phenomena are entirely unrelated except perhaps by random chance.

Confirmatory Factor Analysis

A statistical technique used to verify the factor structure of a set of observed variables.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact through controlled observation.