Answered: The amount the government owes to the…

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Economics

The amount the government owes to the public is the deficit. O True O False

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section: Chapter Questions

Problem 7QR

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TRUE - OR - FALSE
The amount the government owes to the public is the deficit.
O True
O False

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9. Why do Social Security and Medicare pose problems for the federal government budget? The number of workers who can pay for the retirees is increasing. O Payroll taxes are capped and cannot be raised. O The number of retirees is decreasing. The number of sick people is rising too quickly. O Life expectancy of retirees is increasing. 10. Why do Social Security and Medicare pose problems for the federal government budget? The number of people retiring is increasing. The number of workers who can pay for these retirees is increasing. Life expectancy is decreasing. The number of sick people is rising too quickly. Social insurance taxes cannot legally be raised any further.