Fiscal Policy

Question 1

expenditurerevenuebudget

Revolt · Accepted Answer

expenditure

Question 2

Examine the pie chart.

Revolt · Accepted Answer

Social Security and Education/Health and Human Services

Question 3

What gives Congress the power to raise taxes to fund services?

Revolt · Accepted Answer

the Constitution

Question 4

A new presidential administration takes office, after having made campaign promises to support entitlement programs.One suggestion the new president is most likely to make in the budget proposal is to

Revolt · Accepted Answer

increase spending on Social Security.

Question 5

Money spent on government programs is referred to as

Revolt · Accepted Answer

an expenditure.

Question 6

Fiscal policy is the government’s approach to

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taxing and spending.

Question 7

The government raises money on the federal level through which taxes? Check all that apply.income taxes tariff taxesoccupation taxesexcise taxessales taxescorporate taxesproperty taxes

Revolt · Accepted Answer

income taxes; tariff taxes; excise taxes; corporate taxes

Question 8

What is a difference between payroll and income taxes?

Revolt · Accepted Answer

Payroll taxes are itemized deductions from an individual’s paycheck, while income taxes are based on an individual’s salary.

Question 9

Which best describes a way in which the government might respond to rising threats to national security through fiscal policy?

Revolt · Accepted Answer

increasing military spending

Question 10

Revenue is the amount of money that

Revolt · Accepted Answer

the government collects from taxes or borrowing.

Fiscal Policy Answers

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