Two Reasons Why the Social Security System Nearly Went Bankrupt

question 121

Multiple Choice

Two reasons why the Social Security system nearly went bankrupt in the early 1980s are: (i) wages were indexed but benefits were not; (ii) the percentage of elderly people in the country declined.

• A)i and ii 
• B)i but not ii 
• C)ii but not i 
• D)neither i nor ii

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Definitions:

Cellular Respiration

The metabolic process by which cells produce energy in the form of ATP from glucose, typically occurring in the presence of oxygen.

Substrate

A substance or surface on which an enzyme acts or where a chemical reaction occurs.

Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to release stored energy through the oxidation of acetyl-CoA derived from carbohydrates, fats, and proteins into carbon dioxide and chemical energy.

ATP

Adenosine triphosphate, a high-energy molecule that stores and supplies the cell with needed energy for various functions.