Which of the following statements is true about the national debt?
I.Relative to the level of economic activity, the debt is well below the levels reached during
World War II.
II.The ratio of debt to GDP rose from 1981 to 1996 and fell in the last years of the twentieth
Century; it began rising again in 2002.
III.Judged by international standards, the U.S.national debt relative to its GDP is about average
Among developed nations.

Question

Quizplus · Accepted Answer

All three statements are true: I) The debt relative to GDP is below WWII levels; II) The debt-to-GDP ratio rose from 1981 to 1996, fell in the late 1990s, and rose again starting in 2002; III) The U.S. national debt relative to GDP is about average compared to other developed nations.

Which of the Following Statements Is True About the National