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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