Deficit in U.S. Declines to 2.8% of GDP in Rebound

Deficit in U.S. Declines to 2.8% of GDP in Rebound

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the shrinking budget deficit, highlighting the role of economic recovery and a significant slowdown in Medicare spending. It explores the potential future of the deficit, considering demographic changes and political factors. Official projections assume a reversal of the Medicare trend, which could lead to a long-term fiscal gap. The discussion also touches on the political risks that could disrupt economic recovery.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors are contributing to the shrinking budget deficit mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the deceleration of Medicare spending impact the long-term fiscal future?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do demographic changes play in the future of the budget deficit?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences if the budget deficit begins to turn around?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the risks associated with a Republican-controlled Congress and the White House regarding fiscal issues?

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