Short-Term GDP and National Debt: Keynes' Theory - Quiz & Worksheet


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

If in fiscal year 2010, the federal government receives $1,800 billion in revenues and spends $1,550 billion on goods and services, what will happen to the national debt?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 84,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. John Maynard Keynes believed that fiscal policy designed to deal with budgets should _____

2. According to Keynesian economists, if policymakers thought the economy was headed into a recession, what action would be most appropriate?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This quiz and worksheet combo helps you gauge your understanding of paying down the national debt and characteristics of growing the economy.

Quiz & Worksheet Goals

Use this quiz and worksheet to review:

  • Fiscal policies
  • Paying down the national debt
  • Keynesian economists
  • Balancing the budget

Skills Practiced

Use this quiz and worksheet to practice the following skills:

  • Interpreting information - verify that you can read information regarding fiscal policies and interpret it correctly
  • Reading comprehension - ensure that you draw the most important information from the related economics lesson
  • Problem solving - use acquired knowledge to solve economics practice problems

Additional Learning

To learn more about national debt and growing economies, review the corresponding lesson titled Short-Term GDP and National Debt: Keynes' Theory. This lesson will help you:

  • Compare and contrast growing the economy and reducing the national debt
  • Identify ways the government can reduce national debt
  • Review beliefs from Keynesian economists
  • Define budget surplus
  • Differentiate budget surplus and budget deficit