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:

Actions

Legal proceedings taken in a court or the steps taken in the execution of a legal right.

Decisions

Conclusions or resolutions reached after consideration, often referring to the outcomes of deliberations in legal, personal, or organizational contexts.

Ethically

In a manner consistent with moral principles and standards of conduct.

Profit Maximization

The process by which a company adjusts its production and sales strategies to achieve the highest possible profit.