Social Security Reforms Adopted in 1983 Included

question 98

Multiple Choice

Social Security reforms adopted in 1983 included

• A)privatization of part of the program
• B)a cap on the Medicare tax rate
• C)expanding coverage to include government employees
• D)a reduction in benefits for retired workers with high incomes
• E)a higher tax rate,an expanded tax base,and an increase in the retirement age from 65 to 67

---

Definitions:

Random Variable

A quantity whose value is subject to variations due to chance (statistical randomness).

Numerical Description

The summary or representation of data through numbers, including measures of central tendency and variability.

Experiment

A process that generates well-defined outcomes.

Expected Value

The long-run average value of repetitions of the experiment it represents, reflecting the probability-weighted average of all possible values.