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5. Find some recent projections for the future path of the U.S. government debt as a percentage of GDP. What assumptions are made about government

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5. Find some recent projections for the future path of the U.S. government debt as a percentage of GDP. What assumptions are made about government spending, taxes, and economic growth? Do you think these assumptions are reasonable? If the United States experiences a productivity slowdown, how will reality differ from this projection? (Hint: A good place to look is http://www.cbo.gov.)

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