T6801 Final Exam Questions and Answers Latest Update 2025-2026
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% - Answers 25%
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 - Answers 5 years
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 - Answers The payroll tax
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 - Answers All of the above
(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 - Answers Any combination of cuts in benefits and increase of revenues;
Increases in future revenues; Cut in future benefits
African Americans are disproportionately impacted by Social Security in what way?
a. They benefit from the progressive benefit structure
b. They receive retirement benefits for a shorter period of time than c. Whites because they
have higher mortality rates
d. They are more likely than whites to receive disability and survivor benefits
e. All of the above - Answers They receive retirement benefits for a shorter period of time than
Whites because they have higher mortality rates
The Social Security Administration doesn't just give away benefits at random, in order to collect
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% - Answers 25%
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 - Answers 5 years
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 - Answers The payroll tax
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 - Answers All of the above
(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 - Answers Any combination of cuts in benefits and increase of revenues;
Increases in future revenues; Cut in future benefits
African Americans are disproportionately impacted by Social Security in what way?
a. They benefit from the progressive benefit structure
b. They receive retirement benefits for a shorter period of time than c. Whites because they
have higher mortality rates
d. They are more likely than whites to receive disability and survivor benefits
e. All of the above - Answers They receive retirement benefits for a shorter period of time than
Whites because they have higher mortality rates
The Social Security Administration doesn't just give away benefits at random, in order to collect
