Decide whether the statement makes sense. Explain your reasoning.By 2040 projected Social Security payments will be about $900 billion more than collections from Social Security taxes. The government will then need to redeem $900 billion in IOUs from the Social Security trust fund. However, it should be fairly easy for the government to find the $900 billion by cutting discretionary spending.
What will be an ideal response?
If these projections are correct, it is true that the government will need to redeem about 
in 2040. However, it won't be able to accomplish this simply by cutting discretionary spending, the amount is much too large.
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Determine whether the spending pattern described is at, above, or below the national average. Assume that any salaries or wages are after tax. 
A couple over the age of 65 with a fixed monthly salary of $4200 spends $290 per month on entertainment.
A. at average B. above average C. below average
Solve the problem.In 2011, a country's government projected total receipts of $2590 billion ($2.590 trillion) and a deficit of $223 billion for 2013. If outlays turn out to be higher than expected by 7% while receipts turn out to be lower by 7%, what would the 2013 surplus or deficit be?
A. $601 billion deficit B. $571 billion deficit C. $155 billion deficit D. $215 billion deficit
?Using the compound interest tables, answer each of the following questions. ? ?Required: ? a. Pedro has decided he can save $5,000 a year for the next seven years, starting today. What amount will be available seven years from today if the investment account earns 12% compounded annually? b. Anaposa needs $30,000 ten years from today. She has found an investment account that earns 9% compounded annually. How much must she deposit into that account each year for the next ten years, starting today to achieve her investment goal?
Fill in the blank(s) with the appropriate word(s).
If a child develops into a person who integrates into society and maintains a good awareness of safety, Freud may say that person has a well-developed what?
A. id B. superego C. consciousness D. ego