Inflation Reduction Act Pushes Financial Incentives, Reduced Costs

Inflation Reduction Act Pushes Financial Incentives, Reduced Costs

Assessment

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Business

University

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The Inflation Reduction Act aims to address climate change by allocating $370 billion in clean energy tax credits. It includes incentives for domestic production of renewable energy components and offers tax credits for electric vehicles and energy-efficient home upgrades. The Act is funded by taxes on large corporations and is expected to reduce the federal deficit by over $300 billion in the next decade. Public skepticism remains, but the Act promises significant savings for consumers and environmental benefits.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of the Inflation Reduction Act as discussed in the video?

Military spending

Climate change

Healthcare reform

Education funding

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the tax credit for a new electric vehicle under the Inflation Reduction Act?

$5,000

$10,000

$12,000

$7,500

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of the cost does the bill cover for installing energy-efficient appliances?

10%

40%

20%

30%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is expected to cover most of the costs of the Inflation Reduction Act?

Middle-class families

Foreign investors

Small businesses

Large corporations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By how much is the federal deficit expected to be reduced over the next 10 years due to the Inflation Reduction Act?

$100 billion

$300 billion

$400 billion

$200 billion