In the United States in 2013, Public Debt Accounted for About

question 268

Multiple Choice

In the United States in 2013, public debt accounted for about _____ of GDP.

• A)12%
• B)18%
• C)72%
• D)91%

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Definitions:

Expenditures

The action of spending funds or an amount of money spent on a particular purpose, product, or service.

Long-Term Solvency

The ability of an organization or business to meet its long-term financial obligations and continue operations into the future.

Asset Management

The systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner.

Profitability

The ability of a business to earn a profit, which occurs when the revenues generated exceed the costs and expenses incurred in operating the business.