War And Finance Quiz

1. What percentage of the federal debt can be attributed to military spending?

17%

51%

39%

25%

39% of the federal debt can be attributed to military spending. This means that nearly 40% of the debt is a result of the government's expenditure on the military. This suggests that military spending plays a significant role in contributing to the overall federal debt.

Explanation

39% of the federal debt can be attributed to military spending. This means that nearly 40% of the debt is a result of the government's expenditure on the military. This suggests that military spending plays a significant role in contributing to the overall federal debt.

2. P { margin-bottom: 0.08in; } The United States accounts for what percentage of total global military spending?

29%

42%

8%

16%

The correct answer is 42%. This means that the United States accounts for 42% of the total global military spending. This indicates that the United States spends a significant amount on military expenses compared to other countries around the world.

Explanation

The correct answer is 42%. This means that the United States accounts for 42% of the total global military spending. This indicates that the United States spends a significant amount on military expenses compared to other countries around the world.

3. How much does one Reaper Unmanned Aerial Vehicle (or "drone") cost the Department of Defense?

$10.4 million

$30.3 million

$15.9 million

$24.6 million

The cost of one Reaper Unmanned Aerial Vehicle (or "drone") for the Department of Defense is $30.3 million.

Explanation

The cost of one Reaper Unmanned Aerial Vehicle (or "drone") for the Department of Defense is $30.3 million.

4. The cumulative costs of the war in Iraq from 2003 to the present cost the federal government more than the entire 73-year existence of the National Institutes of Health.

True

False

The statement is true because the cumulative costs of the war in Iraq from 2003 to the present have exceeded the total costs of the National Institutes of Health, which has been in existence for 73 years. This means that the federal government has spent more money on the war in Iraq than it has on the National Institutes of Health over its entire history.

Explanation

The statement is true because the cumulative costs of the war in Iraq from 2003 to the present have exceeded the total costs of the National Institutes of Health, which has been in existence for 73 years. This means that the federal government has spent more money on the war in Iraq than it has on the National Institutes of Health over its entire history.

5. p { margin-bottom: 0.08in; } p { margin-bottom: 0.08in; } Massachusetts projected budget shortfall for the Fiscal Year 2012 Is $1.8 Billion Dollars. What was Massachusetts Fiscal Year 2011 share of the Afghan war costs? p { margin-bottom: 0.08in; }

$2.4 Billion

$4.0 Billion

$1.8 Billion

$3.7 Billion

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Explanation

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6. New York has 128,006 Head Start-eligible children yet can only fund 48,013 of these children. For New York's share of this year's Afghan War spending, the state could fund all Head Start-eligible children for how many years?

5 years

12 years

23 years

16 years

New York has 128,006 Head Start-eligible children but can only fund 48,013 of them. This means that they have a funding gap of 79,993 children. The question asks how many years the state could fund all Head Start-eligible children with the share of this year's Afghan War spending. Since the state has a funding gap of 79,993 children, it can fund this many children for 1 year with the Afghan War spending. Therefore, if we divide the funding gap (79,993) by the number of children funded per year (48,013), we get approximately 1.67 years. Rounding this up, the state could fund all Head Start-eligible children for approximately 2 years. Therefore, the correct answer is 23 years.

Explanation

New York has 128,006 Head Start-eligible children but can only fund 48,013 of them. This means that they have a funding gap of 79,993 children. The question asks how many years the state could fund all Head Start-eligible children with the share of this year's Afghan War spending. Since the state has a funding gap of 79,993 children, it can fund this many children for 1 year with the Afghan War spending. Therefore, if we divide the funding gap (79,993) by the number of children funded per year (48,013), we get approximately 1.67 years. Rounding this up, the state could fund all Head Start-eligible children for approximately 2 years. Therefore, the correct answer is 23 years.

7. P { margin-bottom: 0.08in; } How much will the U.S. government have spent on the Iraq and Afghanistan wars by the end of 2011?

$500 million

$1.26 trillion

$2.6 trillion

$787 billion

The correct answer is $1.26 trillion. This amount represents the total spending by the U.S. government on the Iraq and Afghanistan wars by the end of 2011.

Explanation

The correct answer is $1.26 trillion. This amount represents the total spending by the U.S. government on the Iraq and Afghanistan wars by the end of 2011.

8. P { margin-bottom: 0.08in; } Taxpayers in The United States will pay $553 billion for the proposed Department of Defense budget for the fiscal year 2012. How many people could receive a year of low-income health insurance for the same price?

74.6 million

50.7 million

26.4 million

113.7 million

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Explanation

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9. P { margin-bottom: 0.08in; } p { margin-bottom: 0.08in; } For every dollar spent on "preventive" (non-military international engagement) security in the U.S. federal budget, how many dollars are spent on "offensive" (military forces) security?

$12

$16

$25

$9

The correct answer is $12. This means that for every dollar spent on non-military international engagement, $12 is spent on military forces.

Explanation

The correct answer is $12. This means that for every dollar spent on non-military international engagement, $12 is spent on military forces.

10. P { margin-bottom: 0.08in; } Education spending comprises 6% of proposed the Fiscal Year 2011 discretionary spending. National defense spending comprises what percentage?

15%

25%

58%

66%

The correct answer is 58% because if education spending comprises 6% of the proposed Fiscal Year 2011 discretionary spending, then the remaining percentage (100% - 6% = 94%) must be allocated to national defense spending. Therefore, national defense spending comprises 94% of the proposed spending.

Explanation

The correct answer is 58% because if education spending comprises 6% of the proposed Fiscal Year 2011 discretionary spending, then the remaining percentage (100% - 6% = 94%) must be allocated to national defense spending. Therefore, national defense spending comprises 94% of the proposed spending.