Choose the Statement That Is Incorrect

question 43

Multiple Choice

Choose the statement that is incorrect.

• A)The federal government debt was 5 percent of GDP in 1970.
• B)The debt-to-GDP ratio increased slightly during the 2008-2009 recession.
• C)The debt-to-GDP ratio increased from 1974 through 1997, and then began to decrease.
• D)The government debt increases when the government has a budget deficit.
• E)As a percentage of real GDP, the federal government debt was greater in 2014 than in 1970.

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Definitions:

Self-Reported Accounts

Information provided by individuals about themselves, often used in research to gather data on behaviors, attitudes, and experiences.

Confirmation Bias

The propensity to accumulate, perceive, select, and keep in mind information that endorses an individual's longstanding beliefs or propositions.

Cultural Knowledge

A vast store of information, accumulated within a culture, that explains how the world works and why things happen as they do.

Cultural Knowledge

Understanding and awareness of the customs, values, and social norms of a particular group or society.