Multiple choice


1	Since 1966, poverty has declined ____ as fast for the elderly as it has for all Americans.
		A)	five times
		B)	four times
		C)	three times
		D)	two times


2	Which one of the following age groups had the highest median household income in 1998?
		A)	35 to 44
		B)	45 to 54
		C)	55 to 64
		D)	65 to 74


3	The typical older American has a _____ amount of wealth.
		A)	significant
		B)	negligible
		C)	modest
		D)	We do not know much about the amount of wealth the typical older American has.


4	Which of the following statements is false?
		A)	The baby boomers have married later than their parents.
		B)	The baby boomers have waited longer to have children than their parents did.
		C)	The baby boomers have had fewer children than their parents.
		D)	There has been an increase in earning power among men in the baby boomer generation.


5	Which of the following social changes has contributed to the impending depletion of the trust fund that pays Social Security?
		A)	the aging of the baby boom generation
		B)	the significant slowdown in population growth after 1960
		C)	the fact that people are living longer in old age
		D)	all of the above


6	When Social Security was enacted in 1935, the age of eligibility for benefits (the normal retirement age) was set at
		A)	60.
		B)	62.
		C)	65.
		D)	67.


7	Which one of the following countries has the highest tax rate?
		A)	Poland
		B)	Canada
		C)	the United States
		D)	Mexico


8	Privatization would shift some of the responsibility for old age security from the Social Security Administration to
		A)	business.
		B)	Medicaid.
		C)	individual Americans.
		D)	Medicare.


9	Under Chile's mandatory savings scheme, workers must place _____ percent of their monthly earnings in a private pension fund selected from those authorized by the government.
		A)	3
		B)	5
		C)	8
		D)	10


10	Nearly _____ percent of the income of people 65 or older is spent on health care.
		A)	5
		B)	10
		C)	15
		D)	20

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