America's Budget Crisis Quiz

What is the current borrowing level of the federal government, and how does it compare to America's GDP?

• 3 trillion dollars, 10% of GDP

• 500 billion dollars, 3% of GDP

• 1 trillion dollars, 5% of GDP

• 2 trillion dollars, 7% of GDP

What recent action did Moody's take in response to America's debt situation?

• Upgraded America's credit rating

• Maintained America's AAA credit rating

• Stripped America of its last AAA credit rating

• Downgraded America to a B rating

What is the effect of rising treasury yields on the dollar?

• The dollar rises

• The dollar remains stable

• The dollar falls

• The dollar is unaffected

What are the two main sources Republicans hope will fill the budget gap?

• Tariffs and faster economic growth

• Increased exports and reduced imports

• Higher taxes and reduced spending

• Foreign investments and domestic savings

What is the likely outcome when considering the impact of the tax bill and tariffs together?

• The budget deficit will disappear

• Growth will likely fall

• Interest rates will decrease

• Economic growth will surge