SOA EXAM 2 QUESTIONS WITH 100%
CORRECT ANSWERS
The degree of difficulty that people experience in performing activities of daily life is: -
Answer- functional status.
Japan has the highest life expectancy at birth than any country and has lower rates of
death from cancer and heart disease than Americans. Which of the following is not a
factor contributing to this? - Answer- They exercise more than Americans.
Some studies have found that physicians have a/an ________ view of older people. -
Answer- biased
The ethnic group, on the whole, that is healthier than other ethnic groups is: - Answer-
Asian Americans.
The racial differences in diet, smoking, and activity level can almost always be
explained by differences in: - Answer- education
Which of the following ethnic groups is least likely to have health insurance? - Answer-
Hispanics/Latinos
A major problem between physicians and older patients is communication. This problem
is especially true if the patient is from a different cultural background. This is why
_________ living in the United States prefer traditional healers over doctors. - Answer-
Koreans
The privatization of Social Security would mandate that individuals be more in charge of
their own retirement and the government less responsible. One country with a
privatization program in existence is: - Answer- Chile
In the last 40 years, there has been a vast improvement in the economic position of the
aged. - Answer- True
All of the following are risks of privatization except: - Answer- some individuals would
not have money to invest in the system.
The baby boom generation has had fewer opportunities than their parents. One reason
for this lack of opportunity is: - Answer- competition among members of this cohort.
, An increase in payroll tax, to increase the Social Security fund, will fall heavily on
middle-age workers. - Answer- False
One of the changes contributing to the decrease in the Social Security trust fund is
decline in the birthrate. - Answer- True
All of the following are factors which have improved the economic status of the aged
except: - Answer- the number of children providing economic support.
Private savings are a third source of income in retirement. Problems with saving for
retirement include all of the following except: - Answer- little encouragement or advice to
save.
Defined contribution plans represent a savings plan with some tax advantages. Which
of the following is not a problem with defined contribution plans? - Answer- The plan is
involuntary.
One major obstacle of means testing is: - Answer- it discourages savings.
The United States is one of several countries thinking about raising the retirement age. -
Answer- True
Demographers currently predict that the ___________ will enter retirements with more
savings, better pension coverage, and greater prospects for inheriting wealth than any
other generation. - Answer- baby boomers
The highest poverty rate is among: - Answer- single women
The elderly today do not have the diverse source of income compared to the elderly of
the 1960s. - Answer- False
_________ is the most successful program of the welfare state. - Answer- social
security
The greatest risk of a means test is it would create two unequal classes of retirees. -
Answer- True
Saving rates are lower among the elderly because they spend their money on: -
Answer- health care and housing
Because so much of the net worth of older people is housing wealth, some retirees
have started using their home equity to pay for their retirement. - Answer- True
Young workers are extremely realistic about what they will need to fund a comfortable
lifestyle in retirement. - Answer- False
CORRECT ANSWERS
The degree of difficulty that people experience in performing activities of daily life is: -
Answer- functional status.
Japan has the highest life expectancy at birth than any country and has lower rates of
death from cancer and heart disease than Americans. Which of the following is not a
factor contributing to this? - Answer- They exercise more than Americans.
Some studies have found that physicians have a/an ________ view of older people. -
Answer- biased
The ethnic group, on the whole, that is healthier than other ethnic groups is: - Answer-
Asian Americans.
The racial differences in diet, smoking, and activity level can almost always be
explained by differences in: - Answer- education
Which of the following ethnic groups is least likely to have health insurance? - Answer-
Hispanics/Latinos
A major problem between physicians and older patients is communication. This problem
is especially true if the patient is from a different cultural background. This is why
_________ living in the United States prefer traditional healers over doctors. - Answer-
Koreans
The privatization of Social Security would mandate that individuals be more in charge of
their own retirement and the government less responsible. One country with a
privatization program in existence is: - Answer- Chile
In the last 40 years, there has been a vast improvement in the economic position of the
aged. - Answer- True
All of the following are risks of privatization except: - Answer- some individuals would
not have money to invest in the system.
The baby boom generation has had fewer opportunities than their parents. One reason
for this lack of opportunity is: - Answer- competition among members of this cohort.
, An increase in payroll tax, to increase the Social Security fund, will fall heavily on
middle-age workers. - Answer- False
One of the changes contributing to the decrease in the Social Security trust fund is
decline in the birthrate. - Answer- True
All of the following are factors which have improved the economic status of the aged
except: - Answer- the number of children providing economic support.
Private savings are a third source of income in retirement. Problems with saving for
retirement include all of the following except: - Answer- little encouragement or advice to
save.
Defined contribution plans represent a savings plan with some tax advantages. Which
of the following is not a problem with defined contribution plans? - Answer- The plan is
involuntary.
One major obstacle of means testing is: - Answer- it discourages savings.
The United States is one of several countries thinking about raising the retirement age. -
Answer- True
Demographers currently predict that the ___________ will enter retirements with more
savings, better pension coverage, and greater prospects for inheriting wealth than any
other generation. - Answer- baby boomers
The highest poverty rate is among: - Answer- single women
The elderly today do not have the diverse source of income compared to the elderly of
the 1960s. - Answer- False
_________ is the most successful program of the welfare state. - Answer- social
security
The greatest risk of a means test is it would create two unequal classes of retirees. -
Answer- True
Saving rates are lower among the elderly because they spend their money on: -
Answer- health care and housing
Because so much of the net worth of older people is housing wealth, some retirees
have started using their home equity to pay for their retirement. - Answer- True
Young workers are extremely realistic about what they will need to fund a comfortable
lifestyle in retirement. - Answer- False
