Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 19.6, Problem 2ST
To determine
Effects of money transfer of special interest legislation.
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Question 2
Suppose a person earns $500 a month. A social assistance program with a grant
amount of $1,000 a month and a clawback of 90% is implemented. What would be
the payment the person receives from the program and what's the total amount of
money they person will have to their disposal?
The payment from the assistance program is $450 and the total amount of
money the person has to their disposal is $950.
The payment from the assistance program is $550 and the total amount of
money the person has to their disposal is $1000.
The payment from the assistance program is $550 and the total amount of
money the person has to their disposal is $1050.
The payment from the assistance program is $950 and the total amount of
money the person has to their disposal is $1450.
Question 3
Suppose a person earns $1200 a month and welfare assistance program pays a
maximum grant of $1000 and has a clawback of 25%. Is the person eligible for the
program and if so what's the person's payment from the…
Suppose a person earns $500 a month. A social assistance program with a grant
amount of $1,000 a month and a clawback of 90% is implemented. What would be
the payment the person receives from the program and what's the total amount of
money they person will have to their disposal?
The payment from the assistance program is $450 and the total amount of
money the person has to their disposal is $950.
The payment from the assistance program is $550 and the total amount of
money the person has to their disposal is $1000.
The payment from the assistance program is $550 and the total amount of
money the person has to their disposal is $1050.
The payment from the assistance program is $950 and the total amount of
money the person has to their disposal is $1450.
In 2000, the ratio of people age 65 or older to people ages 20 to 64 in Ecocountry was 38,4 %. In the year 2060, this ratio is expected to be 56,8 %. Assuming a pay as-you-go Social Security system,
What change in the payroll tax rate between 2000 and 2060 would be needed to maintain the 2000 ratio of benefits to wages?
If the tax rate were kept constant, what would happen to the ratio of benefits to wages?
What other policies can be used for Social Security Reform?
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