T6801 Final Exam questions well
answered graded A+
25% - correct answer ✔✔ The US is the only developed nation without universal health care.
Nearly 28 million non-elderly Americans, or 10.4%, were uninsured in 2018. But now that the
US is facing a coronavirus pandemic, the flaws have far greater -- and even deadly --
repercussions. Current US Health Care accounts for what percentage of the US Economy?
a. 5%
b. 10%
c. 20%
d. 25%
5 years - correct answer ✔✔ The Temporary Assistance for Needy Families (TANF) program is
designed to help needy families achieve self-sufficiency, but it is only temporary assistance with
lifetime limits. How many total years, in a lifetime, can a family receive benefits through TANF?
a. 2 years
b. 5 years
c. 7 years
d. 10 years
e. None of the above
The payroll tax - correct answer ✔✔ Funding for Social Security Retirement benefits was
threatened when President Donald Trump indicated he'd prefer to eliminate the current funding
source of tax after the 2020 election with another funding source. Social Security Retirement
receives the bulk of its funding through this source:
, a. The sales tax
b. The income tax
c. The payroll tax
d. General revenue
All of the above - correct answer ✔✔ Social Security Benefits are now expected to be payable in
full on a timely basis until 2037, when the trust fund reserves are projected to become
exhausted. Which of the following factor(s) contribute to the depletion of the US Social Security
Trust Fund?
a. The US increased life expectancy
b. The US fertility rates
c. The US labor market participation rates
d. All of the above
e. None of the Above
Any combination of cuts in benefits and increase of revenues; Increases in future revenues; Cut
in future benefits - correct answer ✔✔ (Please note: This question will show a checkbox next to
each answer, and the student must select ALL the answers you mark as correct)
The long-run deficit in the Old Age Insurance Program can be eliminated by three of the
following factors:
a. Any combination of cuts in benefits and increase of revenues
b. Increases in future revenues
c. Cut in future benefits
d. Flat tax to increase revenues
e. None of the Above
answered graded A+
25% - correct answer ✔✔ The US is the only developed nation without universal health care.
Nearly 28 million non-elderly Americans, or 10.4%, were uninsured in 2018. But now that the
US is facing a coronavirus pandemic, the flaws have far greater -- and even deadly --
repercussions. Current US Health Care accounts for what percentage of the US Economy?
a. 5%
b. 10%
c. 20%
d. 25%
5 years - correct answer ✔✔ The Temporary Assistance for Needy Families (TANF) program is
designed to help needy families achieve self-sufficiency, but it is only temporary assistance with
lifetime limits. How many total years, in a lifetime, can a family receive benefits through TANF?
a. 2 years
b. 5 years
c. 7 years
d. 10 years
e. None of the above
The payroll tax - correct answer ✔✔ Funding for Social Security Retirement benefits was
threatened when President Donald Trump indicated he'd prefer to eliminate the current funding
source of tax after the 2020 election with another funding source. Social Security Retirement
receives the bulk of its funding through this source:
, a. The sales tax
b. The income tax
c. The payroll tax
d. General revenue
All of the above - correct answer ✔✔ Social Security Benefits are now expected to be payable in
full on a timely basis until 2037, when the trust fund reserves are projected to become
exhausted. Which of the following factor(s) contribute to the depletion of the US Social Security
Trust Fund?
a. The US increased life expectancy
b. The US fertility rates
c. The US labor market participation rates
d. All of the above
e. None of the Above
Any combination of cuts in benefits and increase of revenues; Increases in future revenues; Cut
in future benefits - correct answer ✔✔ (Please note: This question will show a checkbox next to
each answer, and the student must select ALL the answers you mark as correct)
The long-run deficit in the Old Age Insurance Program can be eliminated by three of the
following factors:
a. Any combination of cuts in benefits and increase of revenues
b. Increases in future revenues
c. Cut in future benefits
d. Flat tax to increase revenues
e. None of the Above
