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Medicare Is the Federally Administered System of Health Insurance Available

question 49

Multiple Choice

Medicare is the federally administered system of health insurance available to the _____.


Definitions:

Disposable Income

Fiscal resources for households' utilization in spending and saving post income tax processing.

Consumption

The employment of goods and services by domestic units.

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use or for investment.

Disposable Income

The financial resources available to a household for saving and spending after subtracting income taxes.

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