The debt to GDP ratio measures
A) debt as a percentage of per capita GDP.
B) debt as a percentage of nominal GDP.
C) nominal GDP as a percentage of debt.
D) debt as a percentage of real GDP.
E) debt as a percentage of average GDP.
The debt to GDP ratio
A) has been falling since 1998.
B) began to increase again in 2002.
C) has remained constant since 1998.
D) began to fall again in 2002.
E) has been increasing since 1998.
The federal deficit is the total amount of outstanding loans that the U.S. federal government owes.
In 1986 the debt to GDP ratio was the highest it had been since the end of World War II.