Question

8.Which of the following statements correctly portrays the relationship between the   Social Security Trust Fund and the general operations of the federal government?

Because of previous use of the Social Security Trust Fund to indulge the general operation of the federal government, Social Security now has insufficient revenue to cover benefits it is paying.

The general operations of the Federal government were in surplus in fiscal year 2004, but the Social Security Trust Fund was in deficit.

The operations of the Social Security Trust Fund are not included in the Federal budget and hence, are less transparent than general government operations.

The Social Security Trust Fund currently runs an annual surplus and invests those funds in debt issued by the Federal government.

9.

Which statement about our national health care system is NOT accurate?

Medicaid is financed through a federal – state partnership.

The Medicare trust fund will be exhausted sooner than the Social Security trust fund if the current systems of finance are not changed.

Medicaid is financed from the federal fund, not a trust fund.

Medicare beneficiaries are limited to the elderly.

10.

Which of the following statements correctly portrays the relationship between the   Social Security Trust Fund and the general operations of the federal government?

Because of previous use of the Social Security Trust Fund to indulge the general operation of the federal government, Social Security now has insufficient revenue to cover benefits it is paying.

The general operations of the Federal government were in surplus in fiscal year 2004, but the Social Security Trust Fund was in deficit.

The operations of the Social Security Trust Fund are not included in the Federal budget and hence, are less transparent than general government operations.

The Social Security Trust Fund currently runs an annual surplus and invests those funds in debt issued by the Federal government.

Answer 1