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In its 2012 Long-Term Budget Outlook, the Congressional Budget Office (CBO) reported "During the next decade alone, the number of people over the age of 65 is expected to rise by more than a third. Over the longer term, the share of people age 65 or older is projected to grow from about 13 percent now to 20 percent in 2035". In its more recent Budget and Economic Outlook: 2014 to 2024, the CBO reported "Beyond 2017, CBO expects that economic growth will diminish to a pace that is well below the average seen over the past several decades.
That projected slowdown mainly reflects long-term trends-particularly, slower growth in the labor force because of the aging of the population." In addition, "Federal outlays are expected to increase by 2.6 percent this year, to $3.5 trillion, or 20.5 percent of GDP-their average percentage over the past 40 years. CBO projects that under current law, outlays will grow faster than the economy during the next decade and will equal 22.4 percent of GDP in 2024." Briefly explain the implications of these facts for federal government spending as a percentage of GDP in 2035.
write the eight to ten 8-10 page paper that addresses the following1. explain the relationship between risk and
air express an overnight mail carrier provides one flight per day from portland maine to hawaii. currently air express
Calculate the market equilibrium, Calculate the total surplus and How can the government increase total surplus - Identify one policy that the government could implement to reduce pollution.
What is the relationship between budget deficits, net exports and savings nexus. Explain why capital flows liberalizations precondition for the "emergence" of emerging markets?
How are foreign exchange rates determined and How do changes in interest rates, inflation, productivity, and income affect exchange rates? (150 minimum word count)
matter transmitter and trading city consider a region with two standardized products bread and shirts that
Give two conditions that are important to the efficient market theory. List one implication of the efficient market theory.
How do Marx, Dewey, Hayek, Sandel, Stout, and Chatterjee think about the following questions? What is political organization?Is it a good thing, a bad thing, (or a little of both) - Why?
Suppose an economy uses to resources to produce two goods (wheat and cloth). Capital is relatively more useful in producing wheat. If the supply of capital falls by 10 percent an the supply of labor increases by 10 percent, how will the pff for wheat..
A revolutionary technology used in the production of brown rice lowers its cost of production given ceteris paribus. As a result, the market changes to a new equilibrium because of a(an)
the state of california recently considered passing a tax on the services of doctors in that state in order to raise
Buddy operates a handyman business performing various home repairs and renovations. Buddy is successful and has enough loyal customers to keep him busy, along with at least two workers. Buddy occasionally rents out some of his small equipment to othe..
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