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Use the info to answer this question: CBO Projections 2021 Federal Govt. Debt (% of GDP) 104.4 Growth Rate of Real GDP (96) 1.8 Federal
Use the info to answer this question: CBO Projections 2021 Federal Govt. Debt (% of GDP) 104.4 Growth Rate of Real GDP (96) 1.8 Federal Expenditures (% of GDP) 24.1 Federal Revenues (% of GDP) 15.5 A. The CEO assumes federal spending will 2023 106.7 2.2 22.2 17.3 2025 107.2 2.4 22.0 17.3 (options: exceed or fall short of) federal revenues over the next six years, implying that the federal debt will continue to _ (options: decrease or increase) 2027 106.3 2.4 22.1 18.1 B. The CEO projects that economic growth will _, (options: speed up or slow down) with federal spending growing _ (options: more slowly or faster) than federal revenues over the next six years. c. If the United States experiences a productivity slowdown, federal revenues will likely be lower than projected, and expenditures will be (options: lower or higher) than projected, further (options: decreasing or increasing) the burden of the federal debt
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