The ratio of debt to GDP in the United States

Question

Quizplus · Accepted Answer

A) The US has traditionally increased its debt in wartime, such as during World War II and the wars in Iraq and Afghanistan.

B) The ratio of debt to GDP in the US increased significantly during the decade that began in 2001, largely due to the cost of the wars in Iraq and Afghanistan, as well as the 2008 financial crisis.

C) In the late 1990s, the US experienced a budget surplus, which led to a decrease in the ratio of debt to GDP.

Therefore, all of the above options are correct.

The Ratio of Debt to GDP in the United States