Life Expectancy in the U

question 19

Multiple Choice

Life expectancy in the U.S.is expected to increase significantly in the future.This would imply that:​ 

• A) distribution of the national income among generations will become even more difficult.​ 
• B) there will be fewer retired people collecting Social Security and private pensions. 
• C) the number of working adults will be much higher than retirees. 
• D) the number of individuals eligible for Medicare will decrease. 
• E) the contribution of older people towards the national income would increase.

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Definitions:

Interest Income

Interest Income is the earnings an individual receives from depositing funds in interest-bearing accounts, such as savings accounts or investments in bonds.

Taxpayers

Individuals or entities that are obligated to pay taxes to a federal, state, or local government.

Employee Discounts

Reduced prices offered to workers of a company for its products or services.

Normal Selling Price

The usual cost at which goods or services are sold to the public, under regular business conditions without any discount or rebate.