Suppose the government has a unified net income of $70 billion, but was supposed to deposit $180 billion in the Social Security trust fund. What was the on-budget surplus or defick? Explain CETTED Select the correct choice below and fill in the answer box to complete your answer OA. The on-budget deficit was $ billion because the government had excess income and even more money in the trust fund, all going towards the on budget portion OB. The on-budget surplus was S OC. The on-budget deficit was S OD. The on-budget surplus was S billion because the government underspent its unified net income on Social Security billion because the government overspent its unified net income on Social Security billion because the government had excess money remaining for Social Security
Suppose the government has a unified net income of $70 billion, but was supposed to deposit $180 billion in the Social Security trust fund. What was the on-budget surplus or defick? Explain CETTED Select the correct choice below and fill in the answer box to complete your answer OA. The on-budget deficit was $ billion because the government had excess income and even more money in the trust fund, all going towards the on budget portion OB. The on-budget surplus was S OC. The on-budget deficit was S OD. The on-budget surplus was S billion because the government underspent its unified net income on Social Security billion because the government overspent its unified net income on Social Security billion because the government had excess money remaining for Social Security
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Suppose the government has a unified net income of$70biltion, but was supposed to deposit$180bilion in the Social Security trust fund. What was the on budget surplus or defici? Explain Select the correct choice below and fil in the answer box to complete your answer A. The on budget defict was 5 bilion because the government had excess income and even more money in the trust fund, al going towards the on budget portion B. The on-budgel surphs was 5 balion because the government underspent its unified net income on Social Security. C. The on-budget deficit wassbillion because the government overspent its unified net inconte on Social Security D. The on-budget surplus was$bilion because the government had oxcess money remaining for Social Security.
Transcribed Image Text:Suppose the government has a unified net income of $70 billion, but was supposed to deposit $180 billion in the Social Security trust fund. What was the on-budget surplus
or deficit? Explain
Select the correct choice below and fill in the answer box to complete your answer
OA. The on-budget deficit was S
OB. The on-budget surplus was S
OC. The on-budget deficit was S
OD. The on-budget surplus was S
ma
billion because the government had excess income and even more money in the trust fund, all going towards the on-budget portion
billion because the government underspent its unified net income on Social Security.
billion because the government overspent its unified net income on Social Security.
billion because the government had excess money remaining for Social Security
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