Macroeconomics 11th Edition by Michael Parkin

Exercise 21

Under current policies, a plausible projection is that U.S. public debt will reach 250 percent of GDP in 30 years and 500 percent in 50 years.
a. What is a fiscal imbalanceHow might the U.S. government reduce the fiscal imbalance?
b. How would your answer to part (a) influence the generational imbalance