In 2010, how much did the government spend compared to its revenue?

Understanding Government Deficits and Liabilities

Interactive Video
•
Business, Social Studies
•
10th - 12th Grade
•
Hard

Amelia Wright
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$2.2 trillion spent, $3.5 to $3.6 trillion revenue
$3.5 to $3.6 trillion spent, $2.2 trillion revenue
$3 trillion spent, $4 trillion revenue
$4 trillion spent, $3 trillion revenue
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the government calculate its deficit differently from a traditional company?
It only accounts for cash outlays
It uses a different currency
It includes all potential future revenues
It includes future liabilities like pensions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the net operating cost in relation to the budget deficit?
It is the same as the budget deficit
It excludes military spending
It is always lower than the budget deficit
It includes additional liabilities not in the budget deficit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major concern about the government's long-term fiscal trajectory?
Decreasing interest costs
Increasing size of government relative to GDP
Reduction in government obligations
Surplus in government budget
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the present value of social insurance obligations represent?
The total amount to be paid today
The total revenue from social insurance
The amount needed today to meet future obligations
The future value of current obligations
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