Choose the correct statement
A) The federal government debt was 5 percent of GDP in 1970.
B) The debt-to-GDP ratio increased slightly during the 2008-2009 recession.
C) The debt-to-GDP ratio increased from 1974 through 1997, and then began to decrease.
D) The government debt increases when the government has a budget deficit.
E) All of the above.
Correct Answer:
Verified
Q2: During the 1980s and 1990s in Canada,
A)investment
Q2: Which of the following is a government
Q6: As a percentage of provincial GDP, provincial
Q8: What are the main categories of the
Q9: Which of the following would not increase
Q9: All of the following statements are true
Q10: Suppose the government starts with a debt
Q12: If outlays exceed revenues, the government's budget
Q14: If revenues exceed outlays, the government's budget
Q18: The main components of government revenues are
A)transfer
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