US National Debt and Federal Budget Quiz

US National Debt and Federal Budget Quiz

12th Grade

10 Qs

quiz-placeholder

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US National Debt and Federal Budget Quiz

US National Debt and Federal Budget Quiz

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Adam Lopez

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Samuel, Mia, and Mason are having a debate about the current US national debt. Samuel thinks it's approximately $13 trillion, Mia believes it's around $33 trillion, and Mason argues it's about $5 trillion. Who is correct?

Samuel, who thinks the current US national debt is approximately $13 trillion.

Mia, who believes the current US national debt is approximately $33 trillion.

Mason, who argues the current US national debt is approximately $5 trillion.

None of them are correct, the current US national debt is approximately $53 trillion.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Kai, Avery, and Michael are playing a game of 'Budget Allocation'. They are discussing the US federal budget. Which department do they think receives a heavy investment?

Department of Agriculture

Department of Education

Department of Defense

Department of Transportation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Elijah, Evelyn, and Mason are having a heated debate about the US national debt. They all agree on one main cause. Can you guess what it is?

Elijah thinks it's because of decreased taxes leading to reduced revenue

Evelyn argues it's due to foreign aid and military spending

Mason insists it's because government spending is exceeding revenue

They all are worried about increased interest rates on national debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Scarlett, Michael, and Isla are economists discussing the impacts of a high national debt. What conclusion might they likely agree upon?

They might agree that a high national debt leads to increased economic growth, improved credit rating, and increased government spending.

They might agree that a high national debt results in lower interest rates, decreased inflation, and increased government flexibility.

They might agree that a high national debt causes decreased economic growth, decreased credit rating, and decreased government spending.

They might agree that the effects of a high national debt include higher interest rates, inflation, and limited government flexibility.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine Abigail, Mia, and Zoe are playing a game of 'Guess the Budget'. They are trying to figure out the approximate cost of the US federal budget that is allocated to defense spending. Can you help them out?

100 Billion

500 Billion

1 Trillion

1 Million

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aiden, Benjamin, and Sophia are having a heated debate about economics. They're discussing the consequences of a high national debt. Can you help them figure out which of the following is NOT a consequence of a high national debt?

Increased government revenue

Increased inflation

Higher interest rates

Decreased economic growth

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Isla, Aria, and Grace are having a debate about the US national debt. They are trying to figure out its impact on the country's credit rating. Can you help them out?

Isla thinks it improves the credit rating as it shows the country's ability to borrow.

Aria believes it has no impact on the credit rating.

Grace argues that it decreases the credit rating as it indicates a higher risk of default.

Or, do you think it fluctuates the credit rating depending on the economic conditions?

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