Asked by eliza mason on May 04, 2024
Verified
The U.S.federal debt as a percentage of GDP is currently on the rise.
U.S. Federal Debt
The total amount of money owed by the federal government of the United States, encompassing all outstanding Treasury bills, notes, and bonds.
GDP
Gross Domestic Product, a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.
- Comprehend the relationship between national debt and GDP.
Verified Answer
ER
Emily RinglerMay 06, 2024
Final Answer :
True
Explanation :
According to the latest data from the U.S. Department of the Treasury, the federal debt as a percentage of GDP has risen from 79.2% in 2019 to 107.8% in 2021.
Learning Objectives
- Comprehend the relationship between national debt and GDP.