History, 09.09.2020 02:01, dmurdock1973
President Reagan’s trickle-down economic policies led to an era of lowering taxes and revenue while continuing to increase spending. This policy resulted in an explosive growth in the national debt which continues to this day. Consider the following chart: It’s important to look at the federal debt as a percentage of GDP Figure 3—It’s important to look at the federal debt as a percentage of GDP (represented by the numbers at left). When thinking about the national debt, it’s important to measure the debt as a percentage of gross domestic product. Gross domestic product (or GDP) is a measurement of the value of all goods and services produced in a nation in a year. It’s helpful to look at the percentage of national debt to GDP for a few reasons: Comparing percentages takes inflation out of the consideration, allowing for more fair comparisons over long periods of time. Using percentage debt to GDP gives the reader a sense of the scale of debt and what the amount of debt means for attempts to pay it off. What might be the costs of having such a large national debt? Did the promise that tax cuts would result in a growing economy that would pay for any budget shortfalls come true during the Reagan years?
Answers: 2
History, 21.06.2019 19:50, maelonramirez
Which statement can be inferred from the popularity of american baseball, blue jeans, and hip-hop music in japan? o a. american sports, entertainment, and clothing have been copied from japan. o b. many japanese companies sell products in the united states today. o c. the diffusion of american culture has influenced japanese culture. o d. advertisers in japan have started to appeal to older japanese traditions.
Answers: 2
History, 21.06.2019 22:30, Hippiekoolaid
Match the vocabulary word with its meaning. 1. capitalism to change or improve something by correcting faults or removing abuses 2. chattel an economic system based on private ownership and competition motivated by profit 3. imperialism policy extending political, economic, or military rule over another 4. indentured an economic system where colonies supply goods to the mother country 5. mercantilism an agreement committing one person to be another's slave for a certain period of time 6. reform a type of slavery where the slave is the sole property of the master with no rights
Answers: 1
President Reagan’s trickle-down economic policies led to an era of lowering taxes and revenue while...
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