What Is the Most Common Explanation for Payments to Senior

question 52

Multiple Choice

What is the most common explanation for payments to senior citizens accounting for a larger share of federal government expenditures

• A)increases in life expectancy
• B)people becoming eligible for Old Age Security benefits at an earlier age
• C)increases in birth rates among teenagers and the poor
• D)falling payroll tax receipts

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Definitions:

Capital Contributions

The funds or assets contributed to a company by its owners or shareholders to increase equity.

Beginning Capital Balance

The total funds noted in a corporation's books at the beginning of a fiscal period.

Personal Use

The application or employment of something for the benefit or enjoyment of an individual, often distinct from business or commercial usage.

Income Distribution

The way in which a country's total GDP is spread among its population, affecting economic inequality.