Trends in Social Service Spending Source: Budget of the United

question 16

Multiple Choice

Trends in social service spending Source: Budget of the United States Government,Fiscal Year 2017: Historical Tables (Washington,D.C.: U.S.
Government Printing Office,2016) ,Table 3.1.
-Based on the graph,which of the following led to an increase in social services spending?

• A)higher birthrates -Consider This: More births mean more contributors-eventually.Social services spending more often implies to the elderly and the sick.
• B)rising life expectancy
• C)increased social insurance taxes
• D)the growing size of the working population

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Definitions:

Unpaid Balance

The portion of a loan or debt that has not yet been repaid to the lender.

Department Store

A large retail establishment that sells a wide variety of goods in various departments within the same building.

Effective Rate

The actual interest rate an investor receives after taking into consideration compounding.

Monthly Compounded Rate

An interest rate applied to the principal and the accumulated interest of a loan or investment on a monthly basis.