What was a significant fiscal event in the first year of the Trump presidency?
Moody's Foster Says U.S. Fiscal Strength to Decline Gradually

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A reduction in defense spending
The largest deficit in six years
An increase in entitlement spending
A surplus in the federal budget
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which feature of the US economy helps it sustain higher levels of debt?
Reserve currency status
High foreign exchange risk
Lack of diversity
Its small size
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of global reserves are held in US dollars?
30%
60%
50%
70%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a key driver of the decline in federal revenue?
Decline in corporate income taxes
Increase in personal income taxes
Reduction in defense spending
Rise in payroll taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is suggested as a solution to improve US fiscal health?
Entitlement reform
Increasing corporate taxes
Cutting defense spending
Reducing personal income taxes
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