During 2008 and 2009, the debt to GDP ratio in the United States
A) fell to its lowest level since World War I.
B) is the highest it has been since the founding of the country.
C) rose to its highest level since World War II.
D) remained relatively unchanged, as it has since the mid 1970s.
Correct Answer:
Verified
Q30: The government borrows money to cover budget
Q31: To measure the effect of debt in
Q32: The U.S. debt to GDP ratio in
Q33: The federal government ran a budget deficit
Q34: Suppose the government has a $1.2 trillion
Q36: If there was a federal budget surplus
Q37: President Obama's stimulus package in 2009 included
A)
Q38: Suppose the government has a $375 billion
Q39: During the financial crisis of 2008, the
Q40: The government deficit is equal to
A) new
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