Measured as a Share of GDP, the Net Federal Debt

question 117

Multiple Choice

Measured as a share of GDP, the net federal debt

• A) increased during the 1990s, but fell sharply during 2001-2011.
• B) fell during most of the 1990s, but rose sharply during 2001-2011.
• C) was virtually unchanged during the 1990s, but fell sharply during 2001-2011.
• D) fell during the 1990s, but was virtually unchanged during 2001-2011.

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Definitions:

Categories

In Aristotle's philosophy, a way of classifying the world that includes ten distinct types such as substance, quantity, quality, and relation.

Mental Representations

Internal cognitive symbols, structures, or maps of the world that individuals use to understand and interact with their environment.

Subordinate-level

A specific, detailed level within a categorization hierarchy, often denoting a particular member of a larger group.

Basic-level

Refers to the most natural and preferred categorical level at which people classify and label objects, which balances specificity and generalization.