How Will the Recognition of Same-Sex Marriage Affect Social Security?​

question 39

Multiple Choice

How will the recognition of same-sex marriage affect Social Security?​

• A)​It will expand resources because more people will be paying into the fund.
• B)​It will have no effect.
• C)​It will result in a small increase in the number of recipients.
• D)​It will likely bankrupt the system.

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Definitions:

Nominal Rate of Interest

The advertised interest rate on a loan or investment, not accounting for inflation.

Purchasing Power

The amount of goods or services that one unit of currency can buy, often used to measure the impact of inflation.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, thus eroding purchasing power.

Nominal Rate of Interest

The stated interest rate of a bond or loan, which does not account for inflation or the compounding of interest.