The current surplus of the Social Security system is expected to become a deficit sometime around 2018 because the
a. payroll tax rate is scheduled to decline at that time.
b. number of workers relative to the number of Social Security recipients will decline as the baby boom generation moves into the retirement phase of life.
c. stock market is not expected to perform nearly as well during the next two decades as was the case during the 1980s and 1990s.
d. growth rate of the U.S. economy is expected to slow during the next two decades.
B
You might also like to view...
The steeper the slope of the total product curve, the
A) larger is the marginal product of labor. B) smaller is the marginal product of labor. C) higher is the level of the total cost curve. D) more efficient is the technology employed.
Refer to the graph. Each labeled point represents a different asset. For which of these assets would we not expect arbitrage to change the average expected rate of return:
A. E only.
B. D, E, and F.
C. E, G, and H.
D. D, E, F, G, and H.