Federal Budget, Deficit and National Debt
Millions through trillions in expanded and decimal form, deficit against accumulated debt, debt-to-GDP and per-person figures, and spending pie charts.
16 exercises
Exercise 1
Where does the U.S. federal income come from?
Exercise 2
What are the two types of federal spending?
Exercise 3
How many appropriations bills must be passed to approve the new federal budget?
Exercise 4
When is the deadline for the new budget to be approved?
Exercise 5
What is the difference between federal deficit and debt?
Exercise 6
What is the Gross Domestic Product?
Exercise 7
Write each number using a decimal abreviation.
4,300,000,000
12,567,000,000,000
500,000,000
6,040,000
Exercise 8
Write each number using a decimal abreviation.
63,651,000,000,000
93,600,000
119,930,000,000
6,001,000,000
Exercise 9
Write each number in expanded form.
5.7 million
9.22 trillion
100.2 billion
0.25 trillion
Exercise 10
Write each number in expanded form.
0.52 quadrillion
1.49 billion
9.07 trillion
800 million
Exercise 11
For each country in problems 11-16, find the following. Data from Commodity.com (Commodity.com, 2020).
The debt to GDP ratio as a percentage.
The amount of debt per person.
The amount of interest paid per year per person.
In Columbia, the unit of currency is the Columbian peso, abbreviated as COP$ or C$.
Population: 48.9 million people
National Debt: C$ 270.978 trillion
Gross Domestic Product: C$ 491.504…
Exercise 12
For each country in problems 11-16, find the following. Data from Commodity.com (Commodity.com, 2020).
The debt to GDP ratio as a percentage.
The amount of debt per person.
The amount of interest paid per year per person.
In Pakistan, the unit of currency is the Pakistani rupee or Rs.
Population: 209.7 million people
National Debt: Rs 24.255 trillion
Gross Domestic Product: Rs 27.354 trillion
Interest Pay…
Exercise 13
For each country in problems 11-16, find the following. Data from Commodity.com (Commodity.com, 2020).
The debt to GDP ratio as a percentage.
The amount of debt per person.
The amount of interest paid per year per person.
In Poland, the unit of currency is the złoty, or zł.
Population: 38,492,299 people
National Debt: 1.223 trillion zł
Gross Domestic Product: 1.981 trillion zł
Interest Payments per year:…
Exercise 14
For each country in problems 11-16, find the following. Data from Commodity.com (Commodity.com, 2020).
The debt to GDP ratio as a percentage.
The amount of debt per person.
The amount of interest paid per year per person.
In Australia, the unit of currency is the Australian dollar, AUD or A$.
Population: 24.711 million people
National Debt: A$ 645.316 billion
Gross Domestic Product: A$ 1.927 trillion
Inte…
Exercise 15
For each country in problems 11-16, find the following. Data from Commodity.com (Commodity.com, 2020).
The debt to GDP ratio as a percentage.
The amount of debt per person.
The amount of interest paid per year per person.
In South Africa, the unit of currency is the South African rand or R.
Population: 54.5 million people
National Debt: R. 3.736 trillion
Gross Domestic Product: R. 6.186 trillion
Interest…
Exercise 16
For each country in problems 11-16, find the following. Data from Commodity.com (Commodity.com, 2020).
The debt to GDP ratio as a percentage.
The amount of debt per person.
The amount of interest paid per year per person.
In Malaysia, the unit of currency is the Malaysian ringgit or RM.
Population: 54.5 million people
National Debt: RM. 792.474 billion
Gross Domestic Product: RM. 1.444 trillion
Interest P…
Adapted from Math in Society © 2018–2024 Portland Community College Math Instructors. Licensed under CC BY-SA 4.0. Source: Math in Society. Imported at revision 68ee43c.