Which of the following statements is false with regard to U.S. national debt?
A) In 2011, the debt was 102% of GDP.
B) During World War II, the debt was greater than GDP for five years.
C) The total debt more than doubled between 1980 and 1986.
D) In 1994, the debt as a percentage of GDP was approximately 70 percent.
E) None - all of these are true.
Correct Answer:
Verified
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