US Military Budget and Spending

As of the end of 2023, the US military budget stands at $916 billion, the highest globally, accounting for 40% of worldwide military spending. The US spends more than the next eight largest spenders combined. In an invasion scenario, invoking the Defense Production Act could further increase this budget. Historically, during the Vietnam War, the US spent over 9% of its GDP on the military, which is nearly three times the current percentage. If the US were to return to Vietnam War-era spending levels, the budget would rise to approximately $2.4 trillion annually.

What percentage of global military spending does the US account for?

• 80%

• 40%

• 20%

• 60%

Which of the following countries is NOT among the next eight largest military spenders after the US?

• China

• Brazil

• India

• France

What historical event saw the US spending over 9% of its GDP on the military?

• Korean War

• Vietnam War

• World War II

• World War I

What act could lead to a significant increase in the US military budget?

• Homeland Security Act

• War Powers Act

• Patriot Act

• Defense Production Act

If the US increased its military budget to Vietnam War-era levels, what would the approximate annual budget be?

• $2.4 trillion

• $2 trillion

• $1 trillion

• $1.5 trillion