The Standard Way to Measure the Effects of Debt in an Economy

question 63

Multiple Choice

The standard way to measure the effects of debt in an economy is to look at the stock of debt relative to

• A) total government spending.
• B) federal tax revenue.
• C) GDP.
• D) the total budget.

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony in the group results in an irrational or dysfunctional decision-making outcome.

Poor Decisions

Choices or judgments that result in undesirable outcomes, often due to a lack of information, consideration, or impulse control.

Consensus

This term means general agreement among a group or the shared conclusions of a collective.

Stereotype

A generalized (sometimes accurate but often overgeneralized) belief about a group of people.