Forecasts by the Congressional Budget Office show spending on Social Security,Medicare,and Medicaid rising from 9.9 percent of GDP in 2013 to ________ percent of GDP in 2087,and by 2087 the federal government will be spending,as a fraction of GDP,________ on these three programs as it currently spends on all its programs.

Question

Quizplus · Accepted Answer

According to the information given in the question, the spending on Social Security, Medicare and Medicaid is predicted to rise from 9.9 percent of GDP in 2013 to a higher percentage in 2087. The only answer choice that fits this description is (C) 23.4 percent. Additionally, the question states that by 2087, the federal government will be spending more on these three programs as a fraction of GDP than it currently spends on all its programs. This means that the answer must be (C), as it is the only option that satisfies both conditions.

Forecasts by the Congressional Budget Office Show Spending on Social