Forecasts by the Congressional Budget Office show spending on Social Security, Medicare, and Medicaid rising from 10
1 percent of GDP in 2015 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; half as much B) 19.8 percent; nearly as much
C) 16.2 percent; nearly as much D) 19.8 percent; half as much
B
Economics
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Other things equal, a decrease in autonomous consumption shifts the ________ curve to the ________
A) IS; right B) IS; left C) LM; left D) LM; right
Economics
The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality
a. True b. False Indicate whether the statement is true or false
Economics