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What Is the Long Run Effect of a Pay-As-You-Go Social

question 47

Essay

What is the long run effect of a pay-as-you-go Social Security program on the gross domestic product [GDP] of a country?


Definitions:

Recurrent

Happening repeatedly or periodically.

Opioid Analgesics

Medicines used to relieve pain by acting on the central nervous system, often associated with a high risk of dependency and side effects.

Respiratory Depression

A reduction in the drive to breathe, often caused by medications or neurological conditions, which can be life-threatening.

Pruritus

An uncomfortable, irritating sensation that creates an urge to scratch, commonly referred to as itchiness.

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