Chapter 23: Problem 4

The national debt in 2007 a. was about four times larger than in 1980 . b. was twice as large in 1980 . c. was approximately the same size in 1980 . d. was none of the above.

Short Answer

Expert verified

The answer to this question cannot be determined without additional information or data about the national debt in 2007 and 1980. To find the correct statement, refer to official statistics or data provided in the exercise.

Step by step solution

Identify what the exercise is asking

This exercise provides four statements about the national debt in 2007 relative to 1980. Your task is to determine which of these statements is true.

Compare the statements

To find the correct statement, compare all the given options: a. National debt in 2007 was about four times larger than in 1980. b. National debt in 1980 was twice as large as in 2007. c. National debt in 2007 was approximately the same size as in 1980. d. None of the above statements are true. Now let's analyze each statement.

Analyze Statement a

If this statement is true, it would mean that the national debt in 2007 was four times larger than it was in 1980. However, without any data, we cannot verify or dismiss this statement at this point.

Analyze Statement b

If statement b is true, the national debt in 1980 was twice as large as in 2007. This statement contradicts statement a, so if statement a is true, statement b cannot be true.

Analyze Statement c

If statement c is true, the national debt in 2007 was approximately the same size as it was in 1980. This statement also contradicts statement a; if statement a is true, statement c cannot be true.

Analyze Statement d

Statement d says that none of the above statements (a, b, or c) is true. If we find that statement a, b, or c is true, then statement d automatically becomes false.

Determine the correct statement

At this point, we have analyzed all the statements, but we still don't have enough information to determine the correct answer. To find the correct statement, we need to study official statistics on the national debt in 2007 and 1980, such as those provided by the government or reputable financial sources. Note: Since this is a multiple-choice question and usually comes with information beforehand, such as a paragraph or a graph showing national debt data, verify by cross-referencing any data provided.

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