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Author Question: What critical resource is likely to be the culprit for the impending doom of Social Security ... (Read 67 times)

littleanan

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on: Jun 29, 2018
What critical resource is likely to be the culprit for the impending doom of Social Security regarding tax collection? Explain.
 
  What will be an ideal response?

Question 2

Suppose that you deposit 2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made as a direct result of your deposit is
 
  A) 200. B) 1,800. C) 2,000. D) 20,000.


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matt

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Because the baby-boom generation gave birth to fewer children these people will be part of the labor force that will be supporting the baby-boomers when they retire. Because their numbers are so much smaller the amount of taxes collected will be smaller as well.

Answer to Question 2

B


littleanan

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

rachel

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Reply 3 on: Yesterday
Wow, this really help

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