Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) The federal budget deficit in 2017 was about 3 percent of the GDP.
B) A budget deficit of $100 billion in a given year increases the public debt by $100 billion.
C) The public debt of $100 billion is the accumulated debt of all U.S. individuals, firms, and institutions.
D) During the past five years, the U.S. public debt has been increasing.