1. Consider the U.S.’s government deficit. Recently (perhaps excluding 2020 and government spending in response to the COVID pandemic that year), what percentage of GDP is the U.S.’s deficit typically?
About 5 percent of GDP.
About 200 percent of GDP.
About 100 percent of GDP.
About 25 percent of GDP.
2. Consider the U.S.’s government debt. Prior to 2020 and the onset of the COVID pandemic, what percentage of GDP was the U.S.’s debt?
About 105 percent of GDP.
About 20 percent of GDP.
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