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The economic development minister of a country has a list of things she thinks may explain her country's low growth of real GDP per person relative to other countries. She asks you to pick the one you think most likely explains her country's low growth. What contributes to low growth?
FICA Tax
A federal tax in the United States, consisting of a Social Security tax and a Medicare tax, deducted from employees' paychecks to fund these programs.
Payroll Information Sheet
A document that contains details about an employee's salary, deductions, and other payroll-related information.
Social Security Number
A unique nine-digit number assigned to individuals in the United States for tracking earnings and benefits within the social security system.
Beneficiary
A person or entity entitled to receive benefits or funds under a will, insurance policy, retirement plan, or other contract.
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