Question

In the U.S. federal government debt totaled 5 trillion dollars. In 2008 the total debt reached 10 trillion dollars. Which of the following statements about the doubling time of the U.S. federal debt is true based on this information

a) the doubling time is getting bigger

b) the doubling time of the federal debt in 1995 was 13 years

c) the doubling time of the U.S. federal debt is alway 13 years

d) if the federal deficit continues to increase with the same doubling time as in 1995 the federal deficit will be 20 billion dollars in 2013

Answer 1

A

I think the answer is A. The doubling time is getting bigger, because the debt is so rapidly increasing, and no one is paying off the USA's debt.