12th Grade Public Debt Quizzes, Questions & Answers

12th Grade

Top Trending Public Debt Quizzes

Explore the intricacies of government spending, debt, and economic growth with the Gross Domestic Product quiz. Assess your understanding of fiscal policies, their impact on the economy, and how they relate to public finance.

Questions: 37 | Attempts: 262 | Last updated: Mar 21, 2025

Sample Question 1
The financial crisis of 2008 led to massive federal spending in an effort to stimulate the economy. The combination of the new federal spending and the automatic stabilizers led to

The largest budget deficit since World War II.

The highest rate of inflation since the Great Depression.

A higher government debt-to-GDP ratio than at any time in American history.

A deficit that is expected to remain permanently at ten percent or more of GDP.

Sample Question 2
Interest rates on government bonds are relatively low because:

Interest rates on government bonds are relatively low because:

The debt-to-GDP ratio is almost zero.

U.S. government bonds are considered one of the safest assets in the world.

Many are worried about the U.S. government's defaulting.

Sample Question 3
As the interest rate rises, debt service:

Decreases.

Does not change, but debt increases.

Increases.

Does not change and neither does the debt.

United States Debt Quiz

There has been much talk and debate about the debt ceiling, the federal deficit, etc. Test your smarts about this sensitive issue with our on-line quiz!

Questions: 13 | Attempts: 125 | Last updated: Apr 22, 2025

Sample Question
What does the term "debt ceiling" really mean?

The ceiling of the White House

The maximum borrowing power of a governmental entity.

The line of credit for a home equity loan