What Is Another Name for Social Security

question 4

Multiple Choice

What is another name for Social Security?

• A)FICA
• B)Withholding
• C)Retirement
• D)Employee savings

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Definitions:

Developed Countries

Nations with high levels of industrialization, a high standard of living, and developed infrastructure.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving increased mechanization.

Per Capita GDP

A measure of the economic output of a nation per individual, calculated by dividing the country's gross domestic product by its total population.