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28 Sep 2019
3) The chapter states that the elderly population in the US isgrowing more rapidly than the total population. In particular, thenumber of workers is rising slowly, while the number of retirees isrising quickly. Concerned about the future of Social Security, somemembers of Congress propose a "freeze" on the program
A) If total expenditures were frozen, what would happen to benefitsper retiree? To tax payments per workers? (assume that socialsecurity taxes and receipts are balanced in each year)
B) If benefits per retiree were frozen, what would happen to totalexpenditures? To tax payments per workers?
C) If tax payments per worker were frozen, what would happen tototal expenditures? To benefits per retiree?
D) What do your answers to part (A) (B) and (C) imply about thedifficult decisions faced by policymakers
3) The chapter states that the elderly population in the US isgrowing more rapidly than the total population. In particular, thenumber of workers is rising slowly, while the number of retirees isrising quickly. Concerned about the future of Social Security, somemembers of Congress propose a "freeze" on the program
A) If total expenditures were frozen, what would happen to benefitsper retiree? To tax payments per workers? (assume that socialsecurity taxes and receipts are balanced in each year)
B) If benefits per retiree were frozen, what would happen to totalexpenditures? To tax payments per workers?
C) If tax payments per worker were frozen, what would happen tototal expenditures? To benefits per retiree?
D) What do your answers to part (A) (B) and (C) imply about thedifficult decisions faced by policymakers
A) If total expenditures were frozen, what would happen to benefitsper retiree? To tax payments per workers? (assume that socialsecurity taxes and receipts are balanced in each year)
B) If benefits per retiree were frozen, what would happen to totalexpenditures? To tax payments per workers?
C) If tax payments per worker were frozen, what would happen tototal expenditures? To benefits per retiree?
D) What do your answers to part (A) (B) and (C) imply about thedifficult decisions faced by policymakers
RonaldLv2
28 Sep 2019
