Which of the following is a true statement in reference to the national debt? a. It is almost entirely a result of World War II. b. As a percentage of GDP, it has decreased in recent years. c. It is now large enough for one to question the government's solvency. d. It is now growing at about $10 billion per year. e. As a percentage of GDP, it has steadily grown since World War II.
Which of the following is a true statement in reference to the national debt? a. It is almost entirely a result of World War II. b. As a percentage of GDP, it has decreased in recent years. c. It is now large enough for one to question the government's solvency. d. It is now growing at about $10 billion per year. e. As a percentage of GDP, it has steadily grown since World War II.
Chapter12: Federal Budgets And Public Policy
Section: Chapter Questions
Problem 4.9P
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Which of the following is a true statement in reference to the national debt? a. It is almost entirely a result of World War II. b. As a percentage of
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