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      Home > Quizzes and Fun Tests > Attention to detail Quizzes > American Economy: Fact or Fiction Quiz

 Follow QuizMoz on Twitter  American Economy: Fact or Fiction Quiz

Welcome to the QuizMoz American Economy: Fact or Fiction Quiz. QuizMoz offers one of the Internet's largest collection of quizzes for you to tease your brain and pit your wits against the experienced QuizMoz quiz masters. Go ahead and find out what you know about yourself and the world around you. Best of luck!!

Coverage
:
All it takes is two minutes to take the American Economy: Fact or Fiction Quiz and find out how much you know about the quiz and the characters in the quiz.

Quiz Created by:
Long Island Pulse
Creation Date: 27 February 2010
1. Minimum wage (adjusted for inflation) is higher than 40 years ago.
a.Fact.
b.Fiction.
2. The amount allocated in the federal budget for unemployment is up this year.
a.Fact
b.Fiction.
3. US currency is backed by gold.
a.Fact.
b.Fiction.
4. The oft-heard and much maligned earmarks are a major contributor to the federal deficit.
a.Fact.
b.Fiction.
5. George Washington insisted his portrait be on the 1-dollar bill.
a.Fact.
b.Fiction.
6. On average, Americans spend more on healthcare than they do on housing.
a.Fact.
b.Fiction.
7. If you're self employed you only have to file taxes once per year (April 15) just like normal folks.
a.Fact.
b.Fiction.
8. As a US citizen you are not regulated to include offshore income on your personal income tax returns.
a.Fact.
b.Fiction.
9. In some cases, you are not required to file a federal tax return.
a.Fact.
b.Fiction.
10. 44 US states have filed for bankruptcy.
a.Fact.
b.Fiction.
11. US defense spending is: A. $663.8 billion B. $708.3 billion C. $750 bllion
a.$663.8 billion
b.$708.3 billion
c.$750 billion
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