The Debt-To-GDP Ratio Has Roughly Doubled Since the Great Recession

question 145

True/False

The debt-to-GDP ratio has roughly doubled since the Great Recession of 2007-2008.

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Definitions:

Balance Sheet

A financial statement that outlines a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial health.

Additional Paid-in Capital

Additional paid-in capital is the amount of money shareholders have invested in the company above the par value of the shares, representing excess capital that is not classified as profit.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities.

Balance Sheet

A financial statement that shows a company’s assets, liabilities, and shareholders' equity at a specific point in time.