ECON 104 Study Guide - Social Security Trust Fund, Moodle, Life Insurance
18 Jan 2014
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Introduction to macroeconomics econ 104 a,c,d,h spring 2012. Worksheet 7 social security, aggregate supply and demand. Due in discussions week of april 13th or on moodle: explain how social security is a social insurance program, not an individual retirement plan. Life insurance costs are paid entirely by workers. Social security is a social insurance program: how does the social security system work? (be specific how does it get it"s funding, how does it pay out benefits?) Social security insures workers and their families against possible loss of earnings due to retirements, disability, and death. Revenue to social security trust fund at the end of 2010 was worth 2. 608 trillion dollars. The system will pay out more in benefits than it receives in payroll taxes. The social security trust fund at the end of 2010 was worth 2. 608 trillion dollars, but only. 2. 540 trillion in 2009: draw the ad and ad supply curves on a graph.
