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Social Security benefits are increased each year in proportion to the increase in the CPI,...

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Accounting

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Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe that the CPI overstates actual inflation True or False: If the elderly consume the same market basket as other people, then Social Security would have an uncertain impact on their standard of living. O True O False Healthcare costs have risen faster than overall inflation. True or False: Ir the elderly consume a market basket that includes more healthcare than other people, they may be worse off even ir Social Security benefits are adjusted for inflation. True O False

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