Solved

Table 171 Refer to Table 17

question 37

Multiple Choice

Table 17.1 $\begin{array}{|c|c|c|}\hline \text { Year } & \text { Real GDP } & \text { Population } \\\hline 1 & \$ 575 \text { billion } & 22 \text { million } \\\hline 2 & \$ 580 \text { billion } & 24 \text { million } \\\hline 3 & \$ 605 \text { billion } & 25 \text { million } \\\hline 4 & \$ 606 \text { billion } & 27 \text { million } \\\hline\end{array}$

Refer to Table 17.1.GDP per capita was the

Definitions:

Social Security

The social insurance program in the United States financed by federal payroll taxes on employers and employees and designed to replace a portion of the earnings lost when workers become disabled, retire, or die.

Medicaid

A federal program that helps finance the medical expenses of individuals covered by the Supplemental Security Income (SSI) and Temporary Assistance for Needy Families (TANF) programs.

Low-income Workers

Individuals employed in jobs that pay wages below a certain threshold, often struggling to meet basic living expenses.

Moral Hazard

A situation in which one party in a transaction has the opportunity to assume additional risks that negatively affect the other party, often arising in insurance and finance.