How will the increase in the proportion of the population that is elderly impact the U.S. debt ratio in the next few decades?
A) Rising numbers of elderly and shrinking real GDP will raise the debt ratio.
B) Rising numbers of elderly and shrinking real GDP will lower the debt ratio.
C) A falling proportion of the population that is working and rising transfer payment obligations will raise debt ratio.
D) A falling proportion of the population that is working and rising transfer payment obligations will reduce debt ratio.
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