Forecasts by the Congressional Budget Office show spending on Social Security,Medicare,and Medicaid rising from 10.4 percent of GDP in 2017 to ________ percent of GDP in 2090,and by 2090 the federal government will be spending,as a fraction of GDP,________ on these three programs as it currently spends on all programs combined.
A) 16.2 percent; nearly as much
B) 16.2 percent; half as much
C) 19.7 percent; nearly as much
D) 19.7 percent; half as much
Correct Answer:
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Q28: Which of the following statements about the
Q29: Which of the following would be considered
Q30: Social Security
A)has not been successful in reducing
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Q32: The fastest growing category of government expenditure
Q34: The Social Security and Medicare programs have
Q35: As a percentage of GDP,federal expenditures _
Q36: Included in government expenditures are government purchases
Q37: A decrease in the marginal income tax
Q38: When the Social Security program was in
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