Which of the Following Statements About the Social Security,Medicare,and Medicaid

question 188

Multiple Choice

Which of the following statements about the Social Security,Medicare,and Medicaid programs is true?

• A)Spending on these three programs will rise from 10.4% of GDP currently to 19.7% of GDP by 2040.
• B)Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially.
• C)Some economists have argued for decreasing taxes to help with these programs' funding problems.
• D)Some economists have argued for increasing benefits to help with these programs' funding problems.

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Definitions:

Interest Income

The income earned by an individual or entity from the investment in interest-bearing financial assets like savings accounts, bonds, or loans.

Cost Of Inflation Reduction

refers to the expenses associated with implementing policies and measures to lower inflation within an economy.

Unemployment

The condition of being out of work and actively seeking employment but unable to find a job.

Permanent Increase

A lasting upward adjustment in size, amount, or value.