Statement I.A case can be made that,as a nation,the U.S.is living beyond its means.
Statement II.Within the next five years,foreigners will own almost half of America.

Question

Quizplus · Accepted Answer

Statement I is true as the U.S. has a significant national debt and trade deficits, indicating it spends more than it earns. Statement II is false because, although foreign ownership of U.S. assets is significant, it is not projected to reach nearly half of America within the next five years.