Which of the Following Statements Is True About the U

question 163

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 fell in the last years of the twentieth
Century; it began rising again in 2002 and has risen substantially since the 2008 recession.
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:

Fellow Workers

Colleagues or co-workers within an organization who collaborate or work together in a professional environment.

Cognitive Dissonance Reduction

The process of alleviating discomfort caused by holding two contradictory beliefs, through changing attitudes, beliefs, or behaviors.

Perceived Control

An individual’s belief in their ability to influence events and outcomes in their lives.

Rewards Involved

Incentives or benefits provided to individuals to motivate performance or behavior.