Over the last half century, there has been a significant change in the number of current workers per retired person who qualifies for Social Security. How has the ratio changed? OIt has increased. O It has decreased. It has changed, but, due to data issues, no knows for sure whether it increased or decreased. O It has increased but by less than 10 percent. It has gone up and down, and the differences have cancelled out.
Over the last half century, there has been a significant change in the number of current workers per retired person who qualifies for Social Security. How has the ratio changed? OIt has increased. O It has decreased. It has changed, but, due to data issues, no knows for sure whether it increased or decreased. O It has increased but by less than 10 percent. It has gone up and down, and the differences have cancelled out.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Over the last half century, there has been a significant change in the number of current
workers per retired person who qualifies for Social Security. How has the ratio changed?
It has increased.
It has decreased.
OIt has changed, but, due to data issues, no knows for sure whether it increased or
decreased.
It has increased but by less than 10 percent.
It has gone up and down, and the differences have cancelled out.

Transcribed Image Text:1. Some critics have argued that Social Security is unfair to women. For example, it has
been argued that there is a "widow's gap." What is the widow's gap?
OIt's the gap of time between the death of the spouse and the surviving spouse starting a
new job.
O It's a gap between the social security benefit of the deceased spouse and the cost of
living.
O It's a gap between Social Security payments and the price of health insurance for people
with preexisting conditions.
O It's a gap of time when she is not covered by health insurance.
It's the gap of time between the youngest child turning 16 and the normal retirement age,
when the surviving spouse turns 60.
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