Which of the following statements is not correct?
A)If GDP is rising faster than debt,the government is,in some sense,living within its means.
B)The ratio of debt to GDP in the United States has always been less than one.
C)Debts during wars may distribute the burden of fighting the war more evenly across generations.
D)During times of peace in the United States,the ratio of debt to GDP sometimes rose.

Question

Quizplus · Accepted Answer

The statement that "the ratio of debt to GDP in the United States has always been less than one" is not correct. There have been periods in US history where the debt-to-GDP ratio has been higher than one, particularly during times of war or economic crisis.

Which of the Following Statements Is Not Correct