Which One of the Following Statements Is False

question 43

Multiple Choice

Which one of the following statements is false?

• A) The United States had accumulated substantial foreign wealth by the early 1980s.
• B) The 1980s witnessed a sustained current account deficit of proportions unprecedented in the twentieth century opened up.
• C) In 1987, the country became a net debtor to foreigners for the first time since World War I.
• D) U.S. foreign debt has continued to grow and now stands at 25 percent of GNP.
• E) The U.S. foreign debt was paid off in the 1990s, allowing the U.S. to attain a current account surplus. However, the deficit has returned in recent years.

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Definitions:

Financial Rewards

Monetary benefits given to individuals or employees as recognition for their achievements, performance, or contributions.

Healthy Spirituality

The practice of maintaining a positive and meaningful connection to a higher purpose, which contributes to an individual’s overall well-being.

Spiritual Reading

The practice of reading texts that pertain to spirituality, faith, and moral guidance to deepen one’s spiritual life.

Nonfinancial Resources

Contributions to an entity's value that do not involve money, including intellectual property and human capital.