According to long-run projections,under current law,
A) federal government spending as a percentage of GDP will rise gradually but substantially in the next several decades.
B) federal taxes as a percentage of GDP will rise gradually but substantially in the next several decades.
C) the federal government's budget deficit will gradually be eliminated in the next several decades.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

According to long-run projections, federal government spending as a percentage of GDP will rise gradually but substantially in the next several decades. This is due to factors such as an aging population and rising healthcare costs. Federal taxes as a percentage of GDP are not projected to rise substantially, and the federal government's budget deficit is not projected to be eliminated.

According to Long-Run Projections,under Current Law