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the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security

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Q: Why will the baby-boomer generation be a potential problem for government spending?
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Is GDP connected to government spending?

Yes, government spending is included in the expenditures calculations of GDP.


Why is it difficult for the federal government to increase or decrease spending?

Because two thirds of all government spending is on entitlements which the government connot easily alter. (by Solomon Zelman)


What influences government spending?

the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.


What is the approval of government spending?

The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.


Is the approval of government spending?

The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.


What is the appropriate measure of government s involvement in economic activity?

it is the share of government spending in total spending in the economy


What has a been a trend in the 20th century?

growing levels of government spending <------------------ APEX :)


How do government priorities affect government spending?

taxes


Where does GST go?

Its just another way for the Government to receive a spending tax, re GST ( government spending tax )


Which has been a trend since the 20th century A progressive increases in earnings for the middle class B growing levels of government spending C less government spending on entitlement programs?

growing levels of government spending


What is phrase that means the excess of government spending over income?

Deficit spending.


Who is responsible for creating the national debt?

The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.