Question: According to Statistics Canada, [b]y 2056, it is projected (based on a medium growth scenario) that there will be only 2 workingage people for every
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According to Statistics Canada, "[b]y 2056, it is projected (based on a medium growth scenario) that there will be only 2 workingage people for every senior in Canada." StatsCan, Demographic Change, January 14, 2010, http:/fwww.statcangc.ca/publ82229-x12009001ldemo/int1eng.htm Briey explain the implications of these facts for federal government spending as a percentage of GDP in 2056. O A. Without changes in government policies, this change will result in decreases in federal government transfer payments and decreases in federal tax revenues, causing government spending to become a smaller percentage of GDP. 0 B. Without changes in government policies, this change will result in increases in federal government transfer payments and increases in federal tax revenues, causing government spending to become a larger percentage of GDP. 0 C. Without changes in government policies, this change will result in decreases in federal government transfer payments and increases in federal tax revenues, causing government spending to become a smaller percentage of GDP. D. Without changes in government policies, this change will result in increases in federal government transfer payments and decreases in federal tax revenues, causing government spending to become a larger percentage of GDP
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