Recall the Application about how society will cope with increased demands for entitlement programs to answer the following question(s). This Application addresses the impact of increasing life expectancy and aging populations on the costs of government entitlement programs such as Social Security, Medicare and Medicaid, and examines several possible solutions to the potential problem.
-According to this Application, current spending on federal retirement and health programs accounts for 10 percent of GDP. Experts estimate that this spending component's share of GDP ________ by the year 2075.
A) is likely to shrink
B) will more than double
C) will remain constant
D) will grow moderately initially then taper off

Question

Quizplus · Accepted Answer

The Application states that current spending on federal retirement and health programs accounts for 10 percent of GDP. Experts estimate that this spending component's share of GDP will more than double by the year 2075. Therefore, option B is the correct answer.

Recall the Application About How Society Will Cope with Increased