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Seeing Red: Which countries owe the most?
by Staff
Since 2008, the global recession has threatened to topple the world's most developed and robust economies, and many wealthy nations are now saddled with burdensome debt loads. Test your knowledge of how the economic crisis has affected people from Reno to Reykjavik.

Which country has the largest gross external debt in the world?

  • Greece
  • Japan
  • United States

Which was the first European country to request a recession bailout from the International Monetary Fund?

  • Iceland
  • Ireland
  • Italy

The global recession adds up to roughly how much money in debt?

  • $40 trillion
  • $80 trillion
  • $160 trillion

Which of the following countries had a perfect AAA credit rating as of October 2011?

  • United States
  • France
  • Italy

Which Nordic country received a credit rating boost in May 2011?

  • Sweden
  • Norway
  • Iceland

In 2009, which African government decided to abandon its currency?

  • Niger
  • Zimbabwe
  • South Africa

Which Caribbean nation has one of the largest public debt burdens in the world?

  • Bahamas
  • St. Kitts & Nevis
  • Antigua and Barbuda

Although Japan's public debt represents almost 200 percent of its GDP, the Asian country has a relatively low level of what type of debt?

  • Household debt
  • Private debt
  • External debt

According to CIA data, which country has the highest public debt as a percentage of GDP in the world?

  • Greece
  • Japan
  • Zimbabwe

Going into the global recession in 2008, which European government had the least amount of debt?

  • Germany
  • Ireland
  • France

Which country owns a majority of American debt?

  • China
  • Japan
  • The United States

Which country voted twice to not repay $5 billion in loans taken out for bank failures?

  • Greece
  • Iceland
  • Netherlands

In 2011, The Standard & Poor's (S&P) credit-rating agency ranked what country as its "least credit-worthy"?

  • Greece
  • United States
  • Portugal

Which European Union country has turned to China for recession assistance?

  • Spain
  • Italy
  • France

Which country comes in second behind the United States for the shouldering largest amount of total debt?

  • Singapore
  • Barbados
  • Japan

The average American totes around how much in debt?

  • 5,000
  • 10,000
  • 12,000

Which U.S. state has the highest debt per capita?

  • California
  • New Jersey
  • Delaware

In 2010, the Brookings Institute determined which U.S. city the most "recession-proof"?

  • Albany, N.Y.
  • Austin, TX
  • Albuquerque, NM

Name the following country with the lowest gross public debt:

  • Australia
  • Brazil
  • United Kingdom

In 2010, the United States and Japan were the first and second richest countries in the world, respectively. What nation came in third?

  • China
  • Germany
  • Canada