Which of the Following Statements Is True About the U

question 101

Multiple Choice

Which of the following statements is true about the U.S. national debt?
I. Relative to the level of economic activity, the debt is well below the levels reached during World War II.
II. The ratio of debt to GDP rose from 1981 to 1996 and fell in the last years of the twentieth century; it began rising again in 2002.
III. Judged by international standards, the U.S. national debt relative to its GDP is above average among developed nations.

• A) I only
• B) II only
• C) III only
• D) I, II, and III

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Definitions:

No Participation

A situation or condition where individuals or groups are not involved or engaged in a process or activity.

Opinions

Personal beliefs or judgments that are not necessarily based on fact or knowledge.

Delegation

The act of assigning responsibility and authority to someone else to carry out specific activities while maintaining accountability.

Authority

The legitimate power given to an individual or organization to make decisions, enforce obedience, and implement policies.