What Is the Congressional Budget Office's Prediction About the Debt-To-GDP

question 113

Multiple Choice

What is the Congressional Budget Office's prediction about the debt-to-GDP ratio?

• A) There are too many unknown variables to make a prediction.
• B) The ratio will remain stable.
• C) The ratio will decrease slightly.
• D) The ratio will increase greatly.

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Definitions:

Proportional Tax

A tax system in which the tax rate stays the same, no matter the taxable amount.

Progressive Tax

A tax system where the tax rate increases as the taxable amount or income increases, placing a higher relative burden on wealthier individuals.

Regressive Tax

A tax system designed so that the rate of tax reduces as the taxable income rises.

Consumer Groups

Organizations that advocate for the rights and interests of consumers by providing education, policy advocacy, and products or services testing.