Given the Current Structure of the Social Security and Medicare

question 554

Multiple Choice

Given the current structure of the Social Security and Medicare programs, the retirement of the baby boom generation during the years following 2010 will be most likely to

• A) reduce government expenditures on health care and income transfers.
• B) increase government expenditures on health care and income transfers.
• C) result in large budget surpluses.
• D) result in lower tax rates.

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