If we compare the debt-to-GDP ratios of the U.S.and Canada, we see that

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All the statements are correct. In 2010, the U.S. had a higher debt-to-GDP ratio than Canada. Both countries saw a sharp increase in their debt-to-GDP ratios during the 1980s due to various economic policies and challenges. From 1996 to 2000, both countries experienced a decrease in their ratios, thanks to economic growth and fiscal consolidation efforts. Lastly, the Great Recession, which began in 2007, led to increased borrowing in both countries, thus increasing their debt-to-GDP ratios.

If We Compare the Debt-To-GDP Ratios of the U