Under current policies, a plausible projection is that U.S. public debt will reach 250 percent of GDP

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Under current policies, a plausible projection is that U.S. public debt will reach 250 percent of GDP in 30 years and 500 percent in 50 years.

a. What is a fiscal imbalance? How might the U.S. government reduce the fiscal imbalance?

b. How would your answer to part (a) influence the generational imbalance?

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Macroeconomics

ISBN: 9780137470822

14th Edition

Authors: Michael Parkin

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Question Posted: Apr 07, 2024 06:51 AM

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Under current policies, a plausible projection is that U.S. public debt will reach 250 percent of GDP

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a The fiscal imbalance is the present value of the governments commitments to pay benefits minus the ...View the full answer

Macroeconomics

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