The Current Surplus of the Social Security System Is Expected

question 670

Multiple Choice

The current surplus of the Social Security system is expected to become a deficit sometime around 2018 because the

• A) payroll tax rate is scheduled to decline at that time.
• B) number of workers relative to the number of Social Security recipients will decline as the baby boom generation moves into the retirement phase of life.
• C) stock market is not expected to perform nearly as well during the next two decades as was the case during the 1980s and 1990s.
• D) growth rate of the U.S. economy is expected to slow during the next two decades.

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Definitions:

F-ratio

A statistical measure used in the analysis of variance (ANOVA) to determine the ratio of variance between groups to the variance within groups.

Null Hypothesis

The default hypothesis that there is no significant difference or relationship between specified populations, any observed effect is due to sampling or experimental error.

GPAs

Grade point averages, numerical calculations that represent the average performance of a student across all completed courses.

F-ratio

A statistical measure that is used to compare the variance among group means in a sample.