# If total expenditures (Social security) were frozen, what would happen to benefits per retiree

###### Question:

a. If total expenditures (Social security) were frozen, what would happen to benefits per retiree? To tax payments per worker? (Assume that social security taxes and receipts are balanced in each year)
b. If benefits per retiree were frozen, what would happen to total expenditures? To tax payments per worker?
c. If tax payments per worker were frozen, what would happen to total expenditures? To benefits per retiree?
d. What do your answers to parts a, b, and c imply about the difficult decisions faced by policymakers?
you will need to make some assumptions about whether the retiree population is growing, shrinking, or remaining constant relative to the working population. A likely assumption is that the retiree population is growing faster than the working population.
So then, just think logically about each situation.

#### Similar Solved Questions

##### ID Problems 46) A piece of silver (Ag) metal weighing 194.3 g is placed in a...
ID Problems 46) A piece of silver (Ag) metal weighing 194.3 g is placed in a graduated cylinder containing 242.0 mL of water. The volume of water now reads 260.5 mL. From these data calculate the density of silver 47) The following procedure was used to determine the volume of a flask. The flask was...
##### We found that 95% confidence, the mean LDL change in cholesterol of all patients taking doses...
We found that 95% confidence, the mean LDL change in cholesterol of all patients taking doses of garlic is between -5.6319 and 6.4319. What does the confidence interval suggest about the effectiveness of garlic in reducing LDL cholesterol?...
Altira Corporation uses a periodic inventory system. The following information related to its merchandise inventory during the month of August 2018 is available: Aug.1 Inventory on hand-3,500 units; cost $7.60 each. 8 Purchased 15,000 units for$6.00 each. 14 Sold 10,500 units for $12.50 each. 18 Pu... 1 answer ##### The trial balance of Kingbird, Inc. on June 30, 2020 is as follows: Debit Credit$3.440...
The trial balance of Kingbird, Inc. on June 30, 2020 is as follows: Debit Credit $3.440 3,877 960 4,560 Cash Accounts receivable Supplies Equipment Accounts payable Unearned revenue Common shares Retained earnings Service revenue Salaries and wages expense Office expense$3,199 1,440 7,200 3,348 2,8...
##### Inventory Costing Methods-Periodic Method The following data are for the Portet Corporation, which sells just one...
Inventory Costing Methods-Periodic Method The following data are for the Portet Corporation, which sells just one product: Units Unit Cost Beginning Inventory, January 1 1.200 \$13 Purchases: February 11 1,500 May 18 1,400 October 23 1,100 17 Sales: March 1 1,400 July 1 1,400 October 291,000 Calculat...
##### Multiple Choice Identify the choice thar best completes the statement or answers the question. Use the...
Multiple Choice Identify the choice thar best completes the statement or answers the question. Use the alkyl bromides below to answer the following five questions: Br -Br CH3 Br IV 10. Which of the alkyl halides is most likely to participate in an SN2 reaction? a. II d. III b. IV e. V c. I 11. Compo...