What is true about the national debt since the early 1990s?
A)It has grown both absolutely and as a percentage of GDP.
B)It has declined both absolutely and as a percentage of GDP.
C)It has grown absolutely,but has declined as a percentage of GDP.
D)It has grown absolutely,but has remained constant as a percentage of GDP.
E)It has declined absolutely,but has grown as a percentage of GDP.

Question

Quizplus · Accepted Answer

The national debt has grown from the early 1990s to the present day absolutely, but has declined as a percentage of GDP. In other words, the debt has increased in dollar terms, but the economy has grown faster, making the debt a smaller proportion of GDP.

What Is True About the National Debt Since the Early