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WorksheetsUS National Debt Quiz
Total questions: 15
Worksheet time: 8mins
What is the approximate current US national debt?
$26 trillion
$36 trillion
$46 trillion
$56 trillion
According to the presentation, what government expense will debt service exceed next year?
Education spending
Healthcare spending
Defense spending
Infrastructure spending
Which of the following is NOT mentioned as part of Trump's economic plans?
Tax cuts
Tariffs on imports
Increasing minimum wage
Other economic programs
What fraction of government dollars currently goes to repaying debt?
1 in 3
1 in 4
1 in 5
1 in 6
How might higher interest rates affect individuals?
Make it easier to buy homes and cars
Make it harder to buy homes and cars
Increase savings account returns
Lower credit card interest rates
What is the Republican perspective on tax cuts?
They mainly benefit the wealthy
They can stimulate economic growth
They should be avoided at all costs
They have no effect on the economy
Which area is NOT mentioned as a potential target for spending cuts?
Environmental programs
Medicaid
Military spending
Both a and b are mentioned
What potential downside of tariffs is mentioned in the presentation?
They could decrease government revenue
They might lead to trade wars
They could increase prices for consumers
They might cause job losses in export industries
In the 1990s, what was the eventual result of deficit reduction efforts?
A larger national debt
A budget surplus
An economic recession
Higher unemployment rates
According to the presentation, what will debt service payments exceed in the near future?
Social Security payments
Medicare expenses
Defense spending
Education funding
What role does the Federal Reserve play in relation to the national debt?
It directly pays off the debt
It sets interest rates, affecting borrowing costs
It determines government spending levels
It collects taxes to pay down the debt
How might today's national debt affect future generations?
It could lead to higher taxes
It might result in reduced government services
It could impact job prospects
All of the above
What was unique about the Clinton era's approach to the national debt?
They increased government spending
They raised taxes on the wealthy
They achieved a budget surplus
They eliminated all tariffs
Which of the following is NOT mentioned as a way individuals can impact the national economy?
Career choices
Spending habits
Saving habits
Voting in local elections
What challenge do many countries face in addition to the United States?
Rapid population growth
Significant national debts
Declining manufacturing sectors
Increasing life expectancy
