Measured as a share of GDP, the total federal debt
A) increased during the 1990s, but it has declined substantially during the most recent decade.
B) increased substantially during the recession of 2008-2009, but it is still well below the levels of the 1960s and 1970s.
C) has steadily trended downward during both the 1990s and the most recent decade.
D) is now approximately 100 percent of GDP, which is higher than at any time since the years immediately following World War II.

Question

Quizplus · Accepted Answer

The total federal debt is now approximately 100 percent of GDP, which is higher than at any time since the years immediately following World War II. It has not steadily trended downward during either the 1990s or the most recent decade, and it has not declined substantially during the most recent decade. While it did increase substantially during the recession of 2008-2009, it is still well above the levels of the 1960s and 1970s.

Measured as a Share of GDP, the Total Federal Debt