AnswersOC27 Economics-2102310-Sem-MeadowsIntroduction to Macroeconomics

Social Policy Answers

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Based upon the data in this chart, which issue is most likely to be faced by policy makers?dealing with a smaller number of retirees in the UShandling rising benefit costs for senior citizens receiving Social Securitypaying for an unchanging number of retirees receiving benefitscovering benefit costs for a shrinking number of senior citizens

A
dealing with a smaller number of retirees in the US
B
handling rising benefit costs for senior citizens receiving Social Security
C
paying for an unchanging number of retirees receiving benefits
D
covering benefit costs for a shrinking number of senior citizens
11576

Background information: This graph shows the ratio of workers to benefit recipients. It was created by the Social Security Administration, and it predicts future numbers.

Answers:
This graph shows that over time, the number of workers per beneficiary is .:shrinking
By 2060, the number of workers per beneficiary is projected to be .:2.0
11578

According to President Johnson, what was the purpose of Medicare?to help Americans of all ages get health insuranceto help all Americans stay healthier when they are youngto help people save up for retirement medical expensesto help senior citizens with low incomes to pay for medical care

A
to help Americans of all ages get health insurance
B
to help all Americans stay healthier when they are young
C
to help people save up for retirement medical expenses
D
to help senior citizens with low incomes to pay for medical care
11581

If the prediction in this graph comes true, what challenge will it pose to Social Security programs?Less spending will be needed, and less funding will be received.Less spending will be needed, and more funding will be received.The amount of funding and spending will remain constant.More spending will be needed, but less funding will be received.

A
Less spending will be needed, and less funding will be received.
B
Less spending will be needed, and more funding will be received.
C
The amount of funding and spending will remain constant.
D
More spending will be needed, but less funding will be received.
11582

Background information: Life expectancy is the number of years the average citizen is expected to live. These predictions were created by the US Census.

Answers:
Life expectancies in the United States have gradually over time.:increased
By 2020, the average American is expected to live for about years.:79
11583

Based upon the data in this chart, which issue is most likely to be faced by policy makers?

A
dealing with a smaller number of retirees in the US
B
handling rising benefit costs for senior citizens receiving Social Security
C
paying for an unchanging number of retirees receiving benefits
D
covering benefit costs for a shrinking number of senior citizens
11584

According to President Johnson, what was the purpose of Medicare?

A
to help Americans of all ages get health insurance
B
to help all Americans stay healthier when they are young
C
to help people save up for retirement medical expenses
D
to help senior citizens with low incomes to pay for medical care
11585

Background information: GDP is the nation's gross domestic product, a measure of its total economic output. This graph was created by the Congressional Budget Office.

Answers:
Government spending on Medicare and Medicaid increased by of GDP between 1965 and 2005.:4.0%
The greatest increase in spending, by percentage, occurred between .:1985 and 1995
11586

According to the graph, government spending on Medicare and Medicaid has:

A
fallen greatly.
B
fallen slightly.
C
remained constant.
D
risen greatly.
11587

Background information: This graph shows the ratio of workers to benefit recipients. It was created by the Social Security Administration, and it predicts future numbers.

Answers:
This graph shows that over time, the number of workers per beneficiary is .:shrinking
By 2060, the number of workers per beneficiary is projected to be .:2.0
11588

If the prediction in this graph comes true, what challenge will it pose to Social Security programs?

A
Less spending will be needed, and less funding will be received.
B
Less spending will be needed, and more funding will be received.
C
The amount of funding and spending will remain constant.
D
More spending will be needed, but less funding will be received.
11589

7176✔ 79

A
71
B
76
C
✔ 79
11590

1975 and 1985✔ 1985 and 1995 1995 and 2005

A
1975 and 1985
B
✔ 1985 and 1995
C
1995 and 2005
11591

4.0 3.0✔ 2.0

A
4.0
B
3.0
C
✔ 2.0

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