Fiscal Policy

Question 1

Based on the taxing and spending cycle, how will changing expenditures affect taxes collected by the government?

Revolt · Accepted Answer

Spending less will reduce services, leading to a reduction in tax revenue for the government.

Question 2

Look at a portion of a sample paycheck:

Revolt · Accepted Answer

payroll

Question 3

When might workers be exempt from paying income taxes?

Revolt · Accepted Answer

when they don’t earn enough money

Question 4

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

Revolt · Accepted Answer

the Constitution

Question 5

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 6

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 7

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 8

What are some examples of excise taxes imposed by the government? Check all that apply.gamblingfast-food restaurantscigarettesmoviesbaseball gamesalcoholgasolinehotels

Revolt · Accepted Answer

gambling; cigarettes; alcohol; gasoline

Question 9

The graph shows how the federal budget grew between 1980 and 2010.

Revolt · Accepted Answer

the federal government has almost always spent more than it receives.

Question 10

expenditurerevenuebudget

Revolt · Accepted Answer

expenditure

Fiscal Policy Answers

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