Which of the Following Will Be a Long Run Impact

question 27

Multiple Choice

Which of the following will be a long run impact of a pay-as-you-go Social Security program?

• A)A shortage in the labor market
• B)A sluggish growth in the capital stock of the economy
• C)An increase in the gross domestic product
• D)An increase in the average wage rate

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Definitions:

Family Income

The total amount of money earned by members of a family, contributing to the household's economic status.

Self-Report Technique

A method of data collection where participants provide information about themselves, often used in research studies and surveys.

Observation

The process of monitoring or recording the behavior of people, objects or occurrences, usually for the purposes of research or assessment.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the observer.