The Net Federal Debt Is Projected to Soar from About

question 38

True/False

The net federal debt is projected to soar from about 80 percent of GDP in 2020 to more than 150 percent of GDP by 2050.

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Definitions:

Macrosystem

The outermost layer in Bronfenbrenner's ecological systems theory, encompassing the cultural, social, economic, and political contexts that shape an individual's development.

Political Processes

The methods and strategies used by individuals and groups to exert influence over political systems, including elections, policymaking, and governance.

Historical Setting

The specific time period and location in which events occur or are situated, often used to provide context in literature, research, or history.

Exosystems

In ecological systems theory, exosystems refer to social settings that indirectly affect an individual's development, even though the person may not be directly involved in such settings.