What is National Debt? - Definition, Effects & History


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question 1 of 3

Which of the following statements is true?

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1. Which of the following is a negative consequence of having a large national debt?

2. Why would a country raise taxes when they have a large national debt?

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About This Quiz & Worksheet

Economic issues, such as a national debt, are relentless forces requiring diligent management by government officials at all levels. Get a better understanding of the budgetary issues surrounding the national debt with this quiz and worksheet. It is designed to help you learn and recall vital information such as how the debt is paid off, what the national debt is and reasons why it has increased

Quiz & Worksheet Goals

These assessments will test you on:

  • Consequences of national debt
  • Specific examples of the types of debt
  • Attempts to raise money to decrease national debt
  • How debt is accumulated

Skills Practiced

This quiz and worksheet evaluate your skills of:

  • Reading comprehension - ensure that you draw the most important information from the related lesson covering the national debt
  • Distinguishing differences - compare and contrast topics from the lesson, such as floating, funded and unfunded debt
  • Information recall - access the knowledge you've gained regarding how taxes and debt are related

Additional Learning

To understand more about the concept and effects of National Debt, be sure to review the associated lesson. These objectives are covered in detail:

  • Understand why the country has assumed its debt
  • Define national debt
  • Understand the ramifications of owing money
  • Distinguish certain types of debt
  • Know ways the nation has tried acquire more money