Measured as a share of GDP, the net federal debt
A) increased during the 1990s, but fell sharply during 2001-2011.
B) fell during most of the 1990s, but rose sharply during 2001-2011.
C) was virtually unchanged during the 1990s, but fell sharply during 2001-2011.
D) fell during the 1990s, but was virtually unchanged during 2001-2011.

Question

Quizplus · Accepted Answer

The net federal debt fell during most of the 1990s, reaching its lowest point in 2001. However, it rose sharply during the period of 2001-2011, largely due to the wars in Iraq and Afghanistan, and the financial crisis of 2008.

Measured as a Share of GDP, the Net Federal Debt