Fiscal Policy: Spending

Question 1

In President Obama's speech about the federal budget, which government policy is he speaking about?

Revolt · Accepted Answer

D: fiscal policy

Question 2

What is the main goal of the creation of the federal budget?

Revolt · Accepted Answer

D: to decide how to manage the government’s tax revenue and expenditures

Question 3

What is the purpose of the president’s statement?

Revolt · Accepted Answer

A: to show how changes in fiscal policy can affect the economy

Question 4

What does it mean to measure a government's deficit "relative to the size of the economy"?

Revolt · Accepted Answer

C: to measure the deficit as a percentage of the economy or GDP

Question 5

What does it mean to make "difficult choices" when creating a federal budget?

Revolt · Accepted Answer

D: deciding what will be funded and what will be cut

Question 6

In this statement, which type of spending is President Obama referring to?

Revolt · Accepted Answer

B: discretionary

Question 7

Which aspects of economic growth is the president addressing in this passage? Select all that apply.

Revolt · Accepted Answer

A: ways to inject capital into the economy; C: ways to encourage increased productivity; D: ways to decrease unemployment

Question 8

Which details did you include in your answer?

Revolt · Accepted Answer

A: What Obama's fiscal goals are; B: Where Obama would like to focus spending; C: The reasons that citizens should understand the national budget

Fiscal Policy: Spending Answers