Which is the most accurate statement?A) If we do not balance the federal budget by early in the next century,we will go bankrupt.B) The United States has the highest debt to GDP ratio of all the developed nations.C) Our national debt leveled off between 1998 and 2000.D) Our national debt is owed mainly to foreigners.

Question

DeAndria Campbell · Accepted Answer

Final Answer : C, Explanation :  According to historical data, the national debt of the United States did indeed level off between 1998 and 2000. While balancing the federal budget may be important for the long-term financial health of the country, statement A is overly dramatic and not backed up by evidence. Statement B may have been true at one point, but it is not currently accurate as many other developed nations have surpassed the debt to GDP ratio of the US. Statement D is also incorrect as the majority of the national debt is owed to US citizens and entities.

Definitions

Learning Objectives

Learning Objectives

Related questions