Solved

The United States' Debt-To-GDP Ratio Peaked at 108% in 1946

Question 167

Essay

The United States' debt-to-GDP ratio peaked at 108% in 1946 and steadily declined until 1980.It steadily increased throughout the 1980s.It began to fall again in the 1990s.The debt-to-GDP ratio stayed fairly constant throughout the early 2000s,but began to increase quickly around 2008 and continues to rise today.Explain these patterns in the debt-to-GDP ratio.What was going on in the economy to cause these patterns?

Correct Answer:

verifed

Verified

In 1946,the debt-to-GDP ratio was the hi...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents