The rise in the U.S. debt-GDP ratio after 1980 must be blamed primarily on a ________ ratio of ________ to GDP

A) rising, government expenditures
B) rising, tax revenues
C) falling, government expenditures
D) falling, tax revenues

A

Economics

You might also like to view...

By providing workers with more machines, equipment and buildings to use in the production of goods, production would decrease

Indicate whether the statement is true or false

Economics

Equity finance is represented by which of the following?

A) when a firm borrows money from banks B) when a firm sells bonds C) when a firm sells shares of stock D) when a firm draws down retained earnings E) when a firm sells off part of its capital stock

Economics