National Debt
Budget Deficits
National Debt Definitions
Budget Deficit Definitions
100

What was the one year in which the US had zero Debt?

What was 1835?

100

The US Budget Deficit in 2023

What is $1.4 Trillion?

100

This Refers Specifically to the Government Debt Held by External Investors

What is National Debt?

100

Money spent by the government on various sectors of the economy including healthcare, education, infrastructure, and social services.

What is Public Spending?

200

What is the Global Debt?

What is $307 Trillion?

200

The Budget Deficit After COVID Reached What Amount 

What is $3.1 Trillion

200

A cap set by a Government on how Much it may Borrow

What is a Debt Ceiling?

200

The income received by the government from taxes and non-tax sources

What is Revenue?

300

What is the current debt to GDP Ratio? 

What is 124% ?

300

Tax Cuts ____ the Budget Deficit

What is Increase

300

The Total of all Government Borrowings at any Time

What is Gross National Debt

300

A budget in which revenues are equal to expenditures

What is a Balanced Budget?

400

What is the amount of foreign holdings in our debt?

What is 33% or $7.7 Trillion? As of 20222

400

What Year was the US’s Budget the Highest? 

What is 2020?

400

The Total Amount of Government Bonds or Loans Taken by the Government 

What is Sovereign Debt?

400

The opposite of a budget deficit

What is a Budget Surplus?

500

What is the current national debt?

What is $34 Trillion?

500

The last year the US government had a budget surplus.

What is 2001?

500

The Portion of a Country’s Debt Borrowed From Foreign Lenders

What is External Debt?

500

Securities issued by the government to borrow money from investors

What are Government Bonds?