In the 20th century,the ratio of the U.S.debt to GDP has largely
A)Risen in response to wars.
B)Been inversely related to the deficit to GDP ratio.
C)Fallen during wartime compared with prewar levels.
D)Fallen to its lowest levels during recessions or depressions.

Question

Quizplus · Accepted Answer

The U.S. debt to GDP ratio has largely risen in response to wars, such as World War I, World War II, and the Iraq War. Government spending on war efforts increases the debt while also affecting the GDP.

In the 20th Century,the Ratio of the U