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Q 1/25
Score 0
According to the 2019 Federal Budget, discretionary spending accounts for _____ of the GDP
60
1.3%
17.2 %
16.3%
6.3%
Q 2/25
Score 0
Net interest is the government’s interest payments on debt held by the public, offset by interest income the government receives
60
True
False
25 questions
Q.
According to the 2019 Federal Budget, discretionary spending accounts for _____ of the GDP
1
60 sec
Q.
Net interest is the government’s interest payments on debt held by the public, offset by interest income the government receives
2
60 sec
Q.
The deficit (or shortage) of the 2019 GDP was ____________, adding debt to you and me in the future.
3
60 sec
Q.
Gross Domestic Product (GDP) is the dollar value of all final goods and services produced within a country’s borders in one year.
4
60 sec
Q.
Mandatory spending includes things like medicare, medicaid, and...
5
60 sec
Q.
According to the image above, how much do banks reserve (hold on hand) of deposits made by individuals or businesses?
6
60 sec
Q.
According to the bureau of economic analysis and international monetary fund, as noted in the above image, in 2015 Texas' GDP was most similar to which country?
7
60 sec
Q.
Unemployment includes workers that are actively looking for a job but aren’t working, while the Unemployment Rate is the percent of people in the labor force who want a job but are not working.
8
30 sec
Q.
The Inflation Rate is the percent change in prices from year to year.
9
60 sec
Q.
How does the government stabilize the economy?
10
60 sec
Q.
American currency is both portable and durable
11
60 sec
Q.
The three types of unemployment are...
12
60 sec
Q.
Money is the same as wealth or income.
13
60 sec
Q.
Money is ______________ that is generally accepted in payment for goods and services
14
60 sec
Q.
The United States' Federal Reserve is the nation's central bank
15
60 sec
Q.
An example of commodity money is...
16
60 sec
Q.
The three functions of money are...
17
60 sec
Q.
The role of the U.S. Central Bank is to serve the nation’s banks. It’s goal is to keep the whole banking system healthy and stable. Making profit is not its goal.
18
60 sec
Q.
In the U.S. colonies, wampum was a form of currency used by local Native Americans made from white and purple mussel shells.
19
60 sec
Q.
What tools does the FED have to change money supply?
20
60 sec
Q.
The FDIC protects deposits up to $250,000
21
60 sec
Q.
A credit card is a loan.
22
60 sec
Q.
According to the 2019 budget, payroll taxes and individual income taxes are a major source of revenue for the GDP, accounting for __________________ dollars of revenue
23
60 sec
Q.
Banks primarily get their money through...
24
60 sec
Q.
According to the bureau of economic analysis and international monetary fund, as noted in the above image, in 2015 Missouri's GDP was most similar to which country?
