Which of the following statements is not true?
A) The U.S. has sometimes run budget deficits during times when it was not fighting war and the economy was expanding.
B) The U.S. federal debt in 2012 was about $11.3 trillion.
C) Government debt per person represents more than 5 percent of a typical worker's lifetime resources.
D) Forward-looking parents can reverse adverse effects of government debt on their children.
Correct Answer:
Verified
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A)Government
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A)A
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