Forecasts by the Congressional Budget Office show spending on Social Security,Medicare,and Medicaid rising from 10.1 percent of GDP in 2015 to ________ percent of GDP in 2090,and by 2090 the federal government will be spending,as a fraction of GDP,________ on these three programs as it currently spends on all programs combined.

Question

Quizplus · Accepted Answer

According to the forecast by the Congressional Budget Office, spending on Social Security, Medicare, and Medicaid is expected to rise from 10.1 percent in 2015 to 19.8 percent of GDP in 2090, which is almost double. Additionally, by 2090, the federal government is expected to spend nearly as much on these three programs as it currently spends on all programs combined. Therefore, option C (19.8 percent; nearly as much) is the correct answer.

Forecasts by the Congressional Budget Office Show Spending on Social