Which of the Following Statements Is Not True

question 41

Multiple Choice

Which of the following statements is not true?

• A)All U.S. government budget deficits were due to war or recession.
• B)The U.S. federal debt in 2009 was about $7.6 trillion.
• C)Government debt represents about 1 percent of a typical worker's lifetime resources.
• D)Forward looking parents can reverse adverse effects of government debt.

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Definitions:

Political Information

Information related to government policies, political ideologies, elections, political movements, and leaders.

Global Capitalist Class

The global capitalist class refers to a social group comprised of individuals and entities at the top of the capitalist system who hold significant economic power and influence across the world.

Corporate Fraction

A segment or part of the corporate sector, often referring to a specific industry or group within the broader corporate landscape.

Consumerist Fraction

A segment within society that prioritizes and emphasizes the consumption of goods and services as a key part of social and economic life.