1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Misha Larkins [42]
3 years ago
14

8. Problems and Applications Q8 Social Security benefits are increased each year in proportion to the increase in the CPI, even

though most economists believe that the CPI overstates actual inflation. True or False: If the elderly consume the same market basket as other people, then Social Security would provide a decrease in their standard of living. True False Healthcare costs have risen faster than overall inflation. True or False: If the elderly consume a market basket that includes more healthcare than other people, they may be worse off even if Social Security benefits are adjusted for inflation. True False g
Business
1 answer:
oksano4ka [1.4K]3 years ago
6 0

Answer:

  1. False
  2. True

Explanation:

1. Social security benefits are increased each year in proportion to an increase in CPI which measures inflation. This CPI is based on a market basket that most people use. If the social security benefits that the elderly get rises as the price of the basket rises then Social Security would not provide a decrease in their standard of living but would rather leave it unchanged so this answer is <u>FALSE.</u>

2. If Healthcare is said to be rising faster than inflation and elderly people consume more health care then that means that Social security benefits which are based on a inflation are not capturing the rise in living expenses for the elderly appropriately. This means that old people might be worse off. This is therefore <u>TRUE. </u>

You might be interested in
A deli is offering a special for its sandwiches. a customer will receive three free sandwiches for every five sandwiches purchas
ArbitrLikvidat [17]
We see that for every 8 sandwiches that the customer needs, he will pay for 5. Lets see how many groups of 8 sandwiches the order of 675 sandwiches contains. If we do Euclidean Division we see that there are 84 groups of 8 and that three sandwiches are the remainder. 675/8=84.375; Hence we have 84 groups and 0.375*8=3 sandwiches that remain. Thus, the customer would play for 84*5= 420 sandwiches if he had ordered 84 groups of 8 (namely 672 sandwiches). Since he needs another 3 sandwiches and there is no promotional offer for those, he will have to pay in total for 423 sandwiches. It is important to not divide the total number by 8 and then multiply it by 5; the customer gets the free sandwiches only if he completes an offer of 5 sandwiches, thus we have to group the sandwiches in octads and deal with the remainder separately.
4 0
2 years ago
A particular city has an asian population of 1419 people, out of a total population of 23,609. conduct a goodness of fit test at
lions [1.4K]
Given that a<span> particular city has an asian population of 1419 people, out of a total population of 23,609.

To conduct a goodness of fit test at the 5% level to determine if the self-reported sub-groups of asians are evenly distributed.

Since, the parameter of interest is 'if the self-reported sub-groups of asians are evenly distributed', thus the null hypothesis is "the self-reported sub-groups of asians are evenly distributed".</span>
3 0
3 years ago
Which of the following best represents a "supply curve"?
mestny [16]

Answer:

I think the answer is B

Explanation:

if theres a drop in supply there will be a price change aswell, most of the time increases the price of products.

6 0
3 years ago
Business executives often prefer to work with rate of return, so to overcome some of the IRR's limitations the modified IRR was
Ksju [112]

Answer:

Explanation:

MIRR equation is given by :

[(FV +ve cashflow / PV -ve cashflow)^(1/n)] - 1

FV +ve cashflow = Future value of positive cashflow at reinvestment rate

PV - ve cashflow = Present value of negative cashflow at finance rate

n = number of periods

The Modified Internal Rate of Return is a devised modification for the Internal rate of return, IRR which gives rate of return on percentage and overcomes the limitations of the IRR formula.

5 0
3 years ago
To develop a portfolio that provides the best return possible with a minimum risk, the linear programming model will have an obj
madam [21]

Answer: a.)maximizes the minimum return.

Explanation:

5 0
3 years ago
Other questions:
  • First Choice Carpets is considering purchasing new weaving equipment costing $ 734 comma 000. The​ company's management has esti
    12·1 answer
  • Jill wants to save up for a down payment for her first home to be purchased 8 years from now. If she can earn 8% on her savings
    15·1 answer
  • A company reported the following in its recent balance sheet:
    7·1 answer
  • Diamond’s Corporation has an investment in 5,000 shares of Sigmond Company common stock with a cost of $218,000. These shares ar
    7·1 answer
  • The fiscal year-end 2016 financial statements for Walt Disney Co. report revenues of $55,632 million, net operating profit after
    5·1 answer
  • Logan Company can sell all of the standard and premier products they can produce, but it has limited production capacity. It can
    5·1 answer
  • The factors cited by the textile industry’s decision to locate manufacturing facilities in countries other than the United State
    12·2 answers
  • Describe the auto industry in terms of the five market characteristics
    7·1 answer
  • Along with a complete shut down or even jail time for its principals, what other possible result can occur if a business violate
    10·1 answer
  • Difference between credit sales and credit card sales
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!