Which of the following is TRUE of government spending and revenue projections as a share of GDP for the next 50 years?
A) Total spending will rise at the same rate as the total revenue.
B) Total spending will rise more slowly than the total revenue.
C) Total spending will rise more rapidly than the total revenue.
D) Both total spending and total revenue will fall.

Question

Quizplus · Accepted Answer

According to projections by the Congressional Budget Office, total spending is expected to rise more rapidly than the total revenue, leading to an increase in the federal budget deficit and the national debt. This trend is driven primarily by growing entitlement spending and demographic changes such as the aging of the population.

Which of the Following Is TRUE of Government Spending and Revenue