The rise in the U.S.debt-GDP ratio after 1980 must be blamed primarily on a ________ ratio of ________ to GDP.

Question

Quizplus · Accepted Answer

The rise in the U.S. debt-GDP ratio after 1980 was primarily caused by a rising ratio of government expenditures to GDP. This is because government expenditures had been increasing faster than tax revenues during this period, leading to a larger budget deficit and increased borrowing to finance government spending.

The Rise in the U