A chart of the ratio of national debt to GDP from 1915 to 2014 would show
A)significant increases from 1945 to 1975.
B)significant increases during World Wars I and II.
C)a larger value in 1975 compared to 1945.
D)significant increases from 1995 to 2003.

Question

Quizplus · Accepted Answer

The ratio of national debt to GDP significantly increased during World Wars I and II due to increased government spending on war efforts. The other options are incorrect as there was a decrease in the ratio of national debt to GDP from 1945 to 1975, a larger value in 1945 compared to 1975, and significant increases occurred from 2003 to 2014 rather than from 1995 to 2003.

A Chart of the Ratio of National Debt to GDP