Which of the following price indexes is designed to measure changes in the prices of goods and services purchased by a typical individual?

In the 1980s and most of the 1990s, the federal government

A) ran small deficits. B) ran small surpluses. C) ran large deficits. D) was balanced.

The pay-as-you-go nature of the Social Security system means that _____

a. current beneficiaries are paid out of general tax revenues b. current beneficiaries are paid out of the payroll taxes levied on current workers c. current beneficiaries are paid based on contributions made during their last five working years d. current beneficiaries are paid out of current earnings on the Social Security trust fund