After 1945, the national debt as a percent of GDP:
a. decreased slightly.
b. decreased substantially.
c. remained about the same.
d. increased slightly.
e. increased substantially.
Question 2
If a country's goods exports are less than its goods imports, then it experiences a:
a. balance of payments surplus. b. balance of payments deficit.
c. balance of trade surplus. d. balance of trade deficit.