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Try to answer each of the questions on a piece of paper. When you are finished, watch the videos next to each question to get the solution. These will only be as helpful as you make them. Answer first, watch second.
Try to answer each of the questions on a piece of paper. When you are finished, watch the videos next to each question to get the solution. These will only be as helpful as you make them. Answer first, watch second.
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1
Suppose that Congress and the President approve a budget of $4.2 trillion. Over the year, tax revenue generates $3.6 trillion. What is the budget deficit? How will the government make up the difference? How much will the national debt increase?
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2
The Congress is voting on a budget which is projected to have a $400 billion deficit, but assumes that the unemployment rate will hold steady at 5% over the course of the year. What will happen to the deficit if the unemployment rate rises to 8% instead?
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3
Your friend is considering buying a house. They're wondering if it would be better to buy now, or wait a year hoping that interest rates go down. You read that the budget deficit is going to be almost double what was previously expected. What advise should you give your friend?
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4
The government of Coruscant has a national debt of $48 trillion, but an annual GDP of about $60 trillion. The government of Naboo has a national debt of $12 trillion, but an annual GDP of $10 trillion. Which government has the bigger debt problem?
Module 9 Quick Quiz
Module 9 Quick Quiz
Now that you have watched all the videos and tried all of the example problems, see how you do on this short quiz. If you score under 75%, consider reaching out to your course instructor for some advice.
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