Q DR Act: 10.1 Where Your Taxes Go

What is the total amount of government spending mentioned for the year?

• $5.3 trillion

• $6.3 trillion

• $7.3 trillion

• $8.3 trillion

What is the current U.S. government debt mentioned in the text?

• $22 trillion

• $32 trillion

• $42 trillion

• $52 trillion

Which of the following is NOT a type of Social Security benefit?

• Retired workers and their families

• Disabled workers and their families

• Survivors of deceased workers

• Unemployed workers

What is the average Social Security monthly payment for retirees mentioned in the text?

• $1,500

• $1,788

• $2,000

• $2,500

What is the main purpose of Social Security?

• To provide loans for businesses

• To supplement income for retired or disabled individuals

• To fund public schools

• To support infrastructure projects

Which program provides health insurance mainly for people over age 65?

• Medicaid

• Medicare

• Social Security

• Unemployment Insurance

What are the two main factors affecting the size of the national debt?

• Tax rates and government spending

• Size of the debt and interest rates

• Inflation and unemployment

• Trade deficits and foreign aid

What is the term used for government taking money out of your paycheck to fund benefits?

• Taxation

• Entitlements

• Subsidies

• Grants

What is the main challenge with relying on Social Security for retirement?

• It is too generous

• It is not enough to cover all expenses

• It is only available to a few people

• It is decreasing every year

What is the impact of baby boomers on Social Security?

• Decrease in benefits

• Increase in enrollment and benefits

• No impact

• Reduction in taxes