In Which of the Following Years Was the Debt to GDP

question 135

Multiple Choice

In which of the following years was the debt to GDP ratio the lowest?

• A)1992
• B)1973
• C)1985
• D)1960
• E)1950

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Definitions:

Credit Balance

A positive balance in a financial account, where the amounts received exceed the amounts spent.

Consolidated Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, reflected in consolidated financial statements.

Common Stock

A type of equity security that represents ownership in a corporation, providing voting rights and a share in the company's profitability through dividends.