U.S. Government Spending Quiz

How much has the U.S. government spent in fiscal year 2024?

• $3.61 trillion

• $6.13 trillion

• $208 billion

• $3.82 trillion

What was the federal spending for the same period last year (Oct 2022 - Apr 2023)?

• $3.82 trillion

• $3.61 trillion

• $6.13 trillion

• $208 billion

What is the primary source of money for federal spending?

• Donations

• State taxes

• Foreign aid

• Government tax collection and borrowing

What happens if the government spends more than it collects in revenue?

• Budget surplus

• No change

• Budget deficit

• Balanced budget

What are the two primary categories of federal spending?

• Mandatory and Discretionary

• Fixed and Variable

• Optional and Required

• Short-term and Long-term

What percentage of the discretionary budget is generally allocated towards national defense?

• One-third

• One-quarter

• One-fifth

• Over half

What is mandatory spending also known as?

• Fixed spending

• Variable spending

• Direct spending

• Optional spending

What is the purpose of supplemental appropriations?

• To reduce the national debt

• To save money for future use

• To address urgent needs after the fiscal year has begun

• To fund regular annual expenses

What was the total federal spending in FY 2023?

• $3.61 trillion

• $208 billion

• $3.82 trillion

• $6.13 trillion

What percentage of the total gross domestic product (GDP) was federal spending in FY 2022?

• 20%

• 23%

• 30%

• 25%