Which of the following statements is not correct?
A) If GDP is rising faster than debt,the government is,in some sense,living within its means.
B) The ratio of debt to GDP in the United States has always been less than one.
C) Debts during wars may distribute the burden of fighting the war more evenly across generations.
D) During times of peace the ratio of debt to GDP sometimes rose.
Correct Answer:
Verified
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