By 2016, the Dollar Value of the Debt Had Climbed

question 90

Multiple Choice

By 2016, the dollar value of the debt had climbed:

• A) to 104 percent of GDP.
• B) to just under $500 billion.
• C) to $800 billion.
• D) down to 80 percent of GDP.

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Definitions:

No-Par Value Stock

Capital stock that has not been assigned a value in the corporate charter.

Legal Capital

The minimum amount of capital that a corporation is required to maintain, as mandated by corporate laws, to protect creditors.

Dividends

Shareholders' receipts of payments from a corporation, generally tied to the distribution of earnings.

Incorporated

A legal process used to form a corporate entity or company, recognized separately from its owners with its own legal rights.