According to a Congressional Budget Office report,"A 125-Year Picture of the Federal Government's Share of the Economy,1950 to 2075," the share of federal government spending in GDP will climb to 40 percent by 2075,__________.
A) assuming household consumption falls
B) assuming government spending rises sharply
C) assuming government spending falls slightly
D) assuming current spending patterns
E) assuming the entire "baby boomer" generation retires in the same year
Correct Answer:
Verified
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