Fiscal Policy: Spending

Question 1

A graph shows the Total Public Debt of the U S Government from 1993 to 2013 with Year on the x-axis and Total public debt in trillions of U S dollars on the y-axis, from 0 to 20 in increments of 5. The debt stays constant from 1993 to 2001 and then steadily increases.

Revolt · Accepted Answer

It is increasing.

Question 2

A pie chart titled Federal Government Spending in 2010 is shown. Education and health and human services has the largest piece, and veteran apostrophe s affairs has the smallest piece.

Revolt · Accepted Answer

education/health and human services

Question 3

"Meeting the spending targets in this budget meant some very difficult choices."President Barack Obama,2012 Budget Message of the President

Revolt · Accepted Answer

deciding what would be funded and what would be cut

Question 4

A plan for spending money that balances income with spending and shows how money will be spent is

Revolt · Accepted Answer

a budget.

Question 5

What does deficit spending require a government to do?

Revolt · Accepted Answer

take on debt

Question 6

A flow chart shows an aspect of fiscal policy. Money goes from the government, to household, and to firms.

Revolt · Accepted Answer

government spending to strengthen the economy

Question 7

What is the main goal in creating the federal budget?

Revolt · Accepted Answer

deciding how to manage the government’s tax revenue and expenditures

Question 8

When a government creates a budget, it is seeking a way to

Revolt · Accepted Answer

allocate money to programs and projects.

Question 9

A diagram shows that taxes go into the government, which then go into spending.

Revolt · Accepted Answer

Fiscal Policy

Question 10

Which of the following statements most accurately describes the federal government and its employees?

Revolt · Accepted Answer

Millions of Americans work for the federal government.

Fiscal Policy: Spending Answers

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