U.S.debt has never exceeded 100 percent of GDP because if it did so,the federal government would be bankrupt.

Name: U.S.debt has never exceeded 100 percent of GDP because if it did so,the federal government would be bankrupt.
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Quizplus · Accepted Answer

This statement is false. There is no strict threshold for debt-to-GDP ratio that would result in the federal government going bankrupt. However, a very high debt-to-GDP ratio can lead to economic instability and decrease the government's ability to borrow in the future.

USDebt Has Never Exceeded 100 Percent of GDP Because If