The factors most responsible for forecasts of the U.S. government debt spiraling out of control in the next half century are the projected:
A) slowdowns in the rates of technological change and human capital growth.
B) decrease in high-skilled domestic workers and the increase in immigration of low-skilled workers into the United States.
C) aging of the U.S. population and rising health care costs.
D) increase in international competition and the outsourcing of U.S. jobs.

Question

Quizplus · Accepted Answer

The aging of the U.S. population and rising health care costs are the main factors driving the forecasts of the U.S. government debt spiraling out of control in the next half century. As the baby boomer generation ages and requires more expensive medical care, the cost of health care is expected to rise sharply. This, combined with the fact that there will be fewer workers to support the growing number of retirees, is expected to lead to a significant increase in the national debt.

The Factors Most Responsible for Forecasts of the U