"Capping Entitlements" Is Widely Recognized by Economists as the Only

question 18

Multiple Choice

"Capping entitlements" is widely recognized by economists as the only way to rein in future federal spending, but

• A) there is little agreement on what those caps should be.
• B) few in Washington want to take on senior citizen lobbyists.
• C) many members of Congress receive campaign money from AARP.
• D) all of the above are true.

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash, that can be used to fund business operations or investments.

Unit Of Measurement

A definite magnitude of a quantity, defined and adopted by convention or by law, used as a standard for measurement of the same kind of quantity.

Economic Data

Information concerning the economy of a region or country, including information about production, consumption, employment, inflation, and GDP.

Total Assets

The sum of all resources owned by a company, valued at purchase price, including both current and long-term assets.