Two reasons why the Social Security system nearly went bankrupt in the early 1980s are: (i) wages were indexed but benefits were not; (ii) the percentage of elderly people in the country declined
a. i and ii
b. i but not ii
c. ii but not i
d. neither i nor ii
d
Economics
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When comparing the measure of goods and services of one country to that of another, economists generally compare
A) the real GDP and net exports. B) the real GDP. C) the real GDP and the labor force. D) the real GDP per capita.
Economics
All of the following are detrimental macro consequences of inflation except
A. Speculation. B. COLAs. C. Bracket creep. D. Uncertainty.
Economics