Recall the Application About How Society Will Cope with Increased

question 60

Multiple Choice

Recall the Application about how society will cope with increased demands for entitlement programs to answer the following question(s) . This Application addresses the impact of increasing life expectancy and aging populations on the costs of government entitlement programs such as Social Security, Medicare and Medicaid, and examines several possible solutions to the potential problem.
-According to this Application, in the year 2075, the portion of GDP devoted to spending on Social Security, Medicare and Medicaid is expected to be

• A) significantly less than the share of GDP devoted to these programs today.
• B) roughly equal to the total amount of GDP today.
• C) larger than total federal spending's share of GDP today.
• D) greater than the consumption spending component's share of GDP in 2075.

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Definitions:

Market Revolution

A significant change in the U.S. economy in the early 19th century, driven by innovations in transportation, communication, and production that created a more interconnected market system.

Internal Borderland

A term used to describe areas within a country that lie on the margins of cultural, economic, or political power, often fostering unique identities or conflicts.

Primary Cell

A voltaic cell that cannot be recharged.

Secondary Cell

A voltaic cell that can be recharged.