The debt-GDP ratio
A) fell sharply after 1997 due to a high output ratio and higher income tax rates.
B) rose from 1981-1992 due to large budget deficits.
C) began to decline in 1993.
D) all of the above.
Correct Answer:
Verified
Q102: Persistent deficit after 1980 was almost entirely
Q103: Between 1995 and 1998,Federal tax revenues from
Q104: The debt-GDP ratio was lower in 1997
Q105: The rise in the U.S.debt-GDP ratio after
Q106: A sharp reduction in the U.S.debt-GDP ratio
Q108: With inflation of 5 percent,real GDP growth
Q109: From 1981 till 1995,the ratio of revenue
Q110: The gap between Federal expenditures and Federal
Q111: Changes in tax laws in 1993
A)reduced Federal
Q112: Return to deficit after 2001 was due
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents