Respond to the following based on your reading.
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: 3
History, 21.06.2019 16:00, zoilacarrillosfe14
How did nationalism motivate italy's unification? the italian people wanted to return to a pre-napoleon ancien régime. the italian people wanted a republic nation free from austrian rule. the italian people wanted to instigate industrialization in italy. the italian people wanted to lead europe into the modern age.
Answers: 3
History, 21.06.2019 23:30, LJ710
The house of burgesses was the first a. act of religious toleration in english history. b. elected representative government in the new world. c. place where businessmen could buy and sell stocks in america. d. puritan equivalent of the house of david.
Answers: 2
History, 22.06.2019 03:00, lindselu
President of the united states has scheduled a cabinet meeting today to discuss energy policy with specific focus on pollution and global warming. given what you know of the executive branch, which group of attendees would the president most likely expect to provide up-to-date information and expert insight during this meeting?
Answers: 2
Respond to the following based on your reading.
President Reagan’s trickle-down economic policies l...
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