Based on current budget projections, in the U.S. over the next 20 years the
a. structural deficit rises will fall sharply as tax revenues rise.
b. cyclical deficit will fall as the economy expands.
c. structural deficit will rise sharply as a higher proportion of the population retires.
d. structural deficit will fall sharply as more people enter the workforce.
e. none of the above.
C
Economics
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Federal government expenditures account for more than two-thirds of the money spent in the public sector
a. True b. False
Economics
The sub-discipline of economics that focuses especially on individual markets is:
a. normative economics. b. positive economics. c. microeconomics. d. macroeconomics. e. econometrics.
Economics