Which Statement About the Social Security Act Is Correct

question 63

Multiple Choice

Which statement about the Social Security Act is correct?

• A) It excluded aid to families with dependent children.
• B) It was original in its concept and design.
• C) Congress forced the provision for national health insurance into the original bill.
• D) It created a system of unemployment insurance.
• E) Its coverage excluded most poor whites from the program.

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Definitions:

Unemployment Rate

The ratio of individuals in the labor force who are without a job and are searching for employment.

Expected Inflation

The rate at which the general level of prices for goods and services is projected to rise over a specific period, reflecting the public's expectations for future inflation.

Actual Inflation

The observed increase in prices for goods and services in an economy over a period, typically measured as a percentage.

Unemployment Rate

The unemployment rate is the percentage of the labor force that is jobless and actively looking for employment.