In 2005, the debt-to-GDP ratio in the United States was about ________ percent, but by 2014 it was about ________ percent.

Question

Quizplus · Accepted Answer

In 2005, the U.S. debt-to-GDP ratio was indeed around 37 percent, reflecting a relatively lower level of public debt compared to the size of the economy. By 2014, this ratio had approximately doubled to around 75 percent, indicating a significant increase in public debt relative to GDP over this period. This change was influenced by factors such as the financial crisis of 2007-2008 and subsequent economic policies.

In 2005, the Debt-To-GDP Ratio in the United States Was