Choose the Statement That Is Incorrect

question 74

Multiple Choice

Choose the statement that is incorrect.

• A)The debt- to- GDP ratio increased from 1974 through 1997, and then began to decrease.
• B)The federal government debt was 4.4 percent of GDP in 1971.
• C)The debt- to- GDP ratio increased slightly during the 2008- 2009 recession.
• D)As a percentage of real GDP, the federal government debt was greater in 2014 than in 1971.
• E)The government debt increases when the government has a budget deficit.

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Definitions:

Profit

The financial gain realized when the revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Green Initiative

Programs or actions undertaken to reduce environmental impact and promote sustainability.

Solar Panels

Devices that convert sunlight into electricity, consisting of photovoltaic cells that capture and transform solar energy.