. During the late 1980s and early 1990s, most of the budget deficits were accounted for by a. the decline of foreign investment in the United States. b. the downturn in the economy. c. deliberate fiscal policy changes. d. All of the above are correct.
1. During the late 1980s and early 1990s, most of the budget deficits were accounted for by
| a. |
the decline of foreign investment in the United States. |
|
| b. |
the downturn in the economy. |
|
| c. |
deliberate fiscal policy changes. |
|
| d. |
All of the above are correct. |
2.Debt is to deficit as
| a. |
money is to income. |
|
| b. |
rent is to dividend. |
|
| c. |
flow is to stock. |
|
| d. |
property is to wealth. |
3. A chart of the ratio of national debt to
| a. |
significant decreases from 2003 to 2010. |
|
| b. |
significant increases from 1983 to 1994. |
|
| c. |
sharp increases from 1945 to 1975. |
|
| d. |
a continuous decline. |
4. A chart of the ratio of national debt to GDP from 1915 to 2014 would show
| a. |
significant increases during World Wars I and II. |
|
| b. |
significant increases from 1945 to 1975. |
|
| c. |
significant increases from 1995 to 2003. |
|
| d. |
a larger value in 1975 compared to 1945. |
5. In 2009, the U.S. had a budget deficit of approximately
| a. |
$1.4 trillion. |
|
| b. |
$459 billion. |
|
| c. |
$161 billion. |
|
| d. |
$800 billion. |
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