Bookmarks Profiles Tab Window Help rnment Spend X S [Questions]: 5 facts about the X + d21/le/content/1495946/viewContent/11072075/View vernment Spending Time Taken:0:01:44 Syed Zahedi: Attempt 1 Question 12 (1 point) What was the exchange rate between U.S. dollars and Zimbabwean dollars around the end of 2008? 1USD = 1,621,984,228,675,650,147,435,579,309,984,228 Z 1USD = 2,621,984,228,675,650,147,435,579,309,228,984 Z 1USD = 2,621,984,228,675,650,147,435,579,309,984,228 Z 1USD = 2,621,984,228,675,650,147,435,579,309,984 Zy Bookmarks Profiles Tab Window Help vernment Spend X S [Questions]: 5 facts about the x + /d21/le/content/1495946/viewContent/11072075/View vernment Spending Time Taken:0:00:32 Syed Zahedi: Attempt 1 Question 1 (0.5 points) A nation's GDP is the amount of revenue generated by that country's government in a year. True Falseory Bookmarks Profiles Tab Window Help overnment Spen X S [Questions]: 5 facts about the X + du/d21/le/content/1495946/viewContent/11072075/View overnment Spending Time Taken:0:00:43 Syed Zahedi: Attempt 1 Question 2 (3 points) Match each word or phrase with the sentence that best describes it. 1. The total accumulation of all surpluses and deficits. Budget deficit 2. When, in a given year, the government spends more than it National debt receives in revenue. Budget surplus 3. When, in a given year, the government spends less than it receives in revenue.Bookmarks Profiles Tab Window Help ment Spen. X S [Questions]: 5 facts about the x + 21/le/content/1495946/viewContent/11072075/View vernment Spending ime Taken:0:01:30 Syed Zahedi: Attempt 1 Question 9 (3 points) Match each type of spending with the phrase that best describes it. U.S. government spending is mostly of this type. 1. Mandatory spending About half of this type of government spending goes 2. Discretionary spending toward defense. 3. Interest on Debt The U.S. government spends the least on this type of debt./le/content/1495946/viewContent/11072075/View ernment Spending e Taken:0:00:53 Syed Zahedi: Attempt 1 Question 3 (2.5 points) A country has a GDP of $5 trillion, and its national debt is $10 trillion. What is its debt to GDP ratio, and what could you infer about the country's economic health? The debt to GDP ratio is 200%; this country likely has a strong and healthy economy. The debt to GDP ratio is 50%; this country likely has a strong and healthy economy. The debt to GDP ratio is 200%; this country likely has a weak and unhealthy economy. ()The debt to GDP ratio is 50%; this country likely has a weak and unhealthy economy.tory Bookmarks Profiles Tab Window Help Government Spen X S [Questions]: 5 facts about the > edu/d21/le/content/1495946/viewContent/11072075/View Government Spending Time Taken:0:01:03 Syed Zahedi: Attempt 1 Question 4 (0.5 points) The U.S. government holds more debt than the public. True False Question 5 (0.5 points) In July 2019, the U.S. GDP was larger than the national debt. True Falsery Bookmarks Profiles Tab Window Help vernment Spend X S [Questions]: 5 facts about the X + lu/d21/le/content/1495946/viewContent/11072075/View overnment Spending Time Taken:0:01:38 Syed Zahedi: Attempt 1 Question 10 (0.5 points) Inflation means "rising prices along with money having less purchasing power". True False Question 11 (0.5 points) Hyperinflation is defined by an inflation rate that is over 50% per month. True FalseBookmarks Profiles Tab Window Help nent Spen X S [Questions]: 5 facts about the x + /le/content/1495946/viewContent/11072075/View ernment Spending ne Taken:0:01:24 Syed Zahedi: Attempt 1 Question 7 (0.5 points) Government spending on national defense would be considered mandatory spending. True False Question 8 (0.5 points) Government spending on Medicare would be considered discretionary spending. True False