Fiscal Policy

Question 1

What happens to the amount of money the government collects in taxes if unemployment is high?

Revolt · Accepted Answer

It goes down.

Question 2

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 3

an excise taxan income taxa tariff

Revolt · Accepted Answer

a tariff

Question 4

Fiscal policy is the government’s approach to

Revolt · Accepted Answer

taxing and spending.

Question 5

Look at a portion of a sample paycheck:

Revolt · Accepted Answer

payroll

Question 6

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

Revolt · Accepted Answer

the Constitution

Question 7

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 8

millionbilliontrillion

Revolt · Accepted Answer

trillion

Question 9

Money spent on government programs is referred to as

Revolt · Accepted Answer

an expenditure.

Question 10

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

Fiscal Policy Answers

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