In Recent Years the U

question 217

Multiple Choice

In recent years the U.S.national debt has been about

• A) 10-20 percent of GDP.
• B) 30-40 percent of GDP.
• C) 50-60 percent of GDP.
• D) 70-80 percent of GDP.

---

Definitions:

Unskilled Labor

Work that requires minimal specialized skills or training, often involving manual tasks that can be quickly learned on the job.

Bargaining Power

The relative capacity of parties in a negotiation to influence the terms of their agreement.

Globalization

The act of connecting and merging between individuals, businesses, and state entities globally, frequently motivated by international trade and investment, and supported by information technology.

Financialization

The increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, affecting the management and control of companies and even governments.