Which of the following is true about national deficit and debt? Answer No countr

ID: 1100294 • Letter: W

Question

Which of the following is true about national deficit and debt?

Answer

No country has defaulted on debt since the Great Depression

all answers are true

Recessions, growth slowdown result in an increase in the deficit and can make servicing national debt more difficult to manage.

Nations can borrow as much as they can with little consequences as nations can remain in debt indefinitely.

The U.S. national debt is about 50% of current GDP.

The statement

No country has defaulted on debt since the Great Depression

all answers are true

Recessions, growth slowdown result in an increase in the deficit and can make servicing national debt more difficult to manage.

Nations can borrow as much as they can with little consequences as nations can remain in debt indefinitely.

The U.S. national debt is about 50% of current GDP.

Which of the following is true about national deficit and debt?

Answer

No country has defaulted on debt since the Great Depression

all answers are true

Recessions, growth slowdown result in an increase in the deficit and can make servicing national debt more difficult to manage.

Nations can borrow as much as they can with little consequences as nations can remain in debt indefinitely.

The U.S. national debt is about 50% of current GDP.

The statement

No country has defaulted on debt since the Great Depression

all answers are true

Recessions, growth slowdown result in an increase in the deficit and can make servicing national debt more difficult to manage.

Nations can borrow as much as they can with little consequences as nations can remain in debt indefinitely.

The U.S. national debt is about 50% of current GDP.

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