The deficit (as a fraction of GDP) is anticipated to rise over the next several decades due to projections of
A) increased defense spending.
B) increased spending on entitlements.
C) increased inflation.
D) decreased corporate tax revenues.
E) decreased income tax revenues.
Correct Answer:
Verified
Q12: The "official measure" of the deficit (the
Q13: All else equal,a rise in the debt-to-GDP
Q14: Since the early 1980s,debt ratios for the
Q15: The debt-ratio is the ratio of the
Q16: In the medium run,an increase in government
Q18: A higher deficit in the current year
Q19: In 2010,the deficit-to-GDP ratio for the United
Q20: A major reason to be concerned about
Q21: Explain what can occur to cause an
Q22: The correct measure of the deficit is
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