Since 1940,the largest gross federal debt-to-GDP ratio occurred during __________,when it reached about __________.

Question

Quizplus · Accepted Answer

The question is asking for the largest gross federal debt-to-GDP ratio, which means the highest percentage of debt compared to the size of the economy. The correct answer is World War II, as the US government borrowed heavily to finance the war effort, which caused the debt-to-GDP ratio to reach an all-time high of around 120 percent. This is much higher than the other options listed, and it shows the significant impact that major conflicts can have on a country's finances.

Since 1940,the Largest Gross Federal Debt-To-GDP Ratio Occurred During __________,When