Question

Policy Perspectives Refer to the table to answer one question Income Transfers: The market mechanism might leave some people with too little income and others with too much. The government uses taxes and transfers to redistribute income more fairly. Number of Recipients 67 million Value of Transfers $1,002 billion $620 billion 59 million Program Recipient Group Retired and disabled Social Security workers Medicare Individuals over age 65 Medically needy Medicaid individuals Unemployment Unemployed workers compensation Low-income Food stamps households Earned Income Low-wage workers Tax Credit Temporary Aid to 6 million $400 billion $30 billion 563 billion $70 billion 30 million Needy Families Poor families million 517 billion

Answer 1

Average benefit= Total expenditure on a service in a year/ number of beneficiary

Answer 1) Average benefit for medicare recipient service= 620,000,000,000/59,000,000= 10,508.47

10509 (approximately) would be the Average benefit for medicare recipient service.

Answer 2) Average benefit a recipient for a food stamp service = 63,000,000,000/42,000,000= 1500

1500 is the  Average benefit a recipient for a food stamp service.