TABLE 16-14
Given Below Are the Average Prices for Three

question 60

Short Answer

TABLE 16-14
Given below are the average prices for three types of energy products in the United States from 1992 to 1995.
$$\begin{array} { c c c c } \text { Year } & \text { Electricity } & \text { N atural Gas } & \text { Fuel Oil } \\1992 & 43.205 & 25.893 & 0.892 \\1993 & 16.959 & 28.749 & 0.969 \\1994 & 47.202 & 28.933 & 1.034 \\1995 & 48.874 & 29.872 & 0.913 \\1996 & 48.693 & 28.384 & 0.983\end{array}$$
-Referring to Table 16-14, what is the Paasche price index for the group of three energy items in 1996 for a family that consumed 13 units of electricity, 26 units of natural gas and 235 units of fuel oil in 1996 using 1992 as the base year?

Identify the types of welfare benefits and their calculation, including means-tested and contributory benefits.

Grasp the changes and motivations behind welfare policies and reforms since the 1990s.

Understand the concept of forced savings programs and the difference between Medicare and Medicaid.

Recognize the role of federal legislation in shaping welfare and educational policies.