Multiple Choice
According to the 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, assuming:
A) household consumption falls.
B) government spending rises sharply.
C) government spending falls slightly.
D) current policies stay in place.
E) the entire "baby boomer" generation retires in the same year.
Correct Answer:
Verified
Correct Answer:
Verified
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