Explain the Difference Between Fully Funded Social Security System and Pay-As-You-Go

question 33

Essay

Explain the difference between fully funded social security system and pay-as-you-go social security system.

---

Definitions:

Program Instructions

Specific commands or sets of commands designed to be executed by a computer to perform a particular task.

Eight Bit String

A sequence of eight bits (binary digits), often used to represent a single character of text in computer processing.

Byte

A unit of digital information in computing and telecommunications that most commonly consists of eight bits.

Flash Memory Devices

Nonvolatile electronic storage devices that are compact, are portable, require little power, and contain no moving parts.