The Greatest Increase in the National Debt in the Twentieth

question 31

Multiple Choice

The greatest increase in the national debt in the twentieth century occurred

• A) during World War II.
• B) under Franklin Roosevelt's New Deal.
• C) during Ronald Reagan's two terms in office.
• D) under Lyndon Johnson.
• E) under William Clinton.

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Definitions:

Fixed Costs

Expenses that do not change with changes in the volume of production or sales, such as rent or salaries.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, indicating how much contributes to covering fixed costs and generating profit.

Unprofitable Segment

An unprofitable segment is a division or part of a business that consistently generates losses instead of profits.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.