Which of the following provides the best description of the Social Security System in the United States?
A) A trust fund into which every American citizen has voluntarily paid a certain amount of money each year
B) Funds that were deposited in a trust fund and allowed to accumulate interest-free for use in future years
C) Funds that were deposited in a trust fund and allowed to accumulate at market rates of interest for general use in future years
D) Funds that were deposited in a trust fund and allowed to accumulate at market rates of interest for the use in future years only by the individuals who voluntarily deposited the funds
E) A transfer payment that taxes the working population today and pays benefits for current retirees from the proceeds of that tax.
Correct Answer:
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Q1: The ratio of the number of people
Q3: If social security is privatized:
A)the contributors would
Q4: The ratio of workers to social security
Q5: One of the myths about social security
Q6: The elderly support ratio recorded by the
Q7: A major concern about social security is
Q8: The money raised from the social security
Q9: One proposal for solving the social security
Q10: Which of the following acts specifies the
Q11: Privatization of the social security system would
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