Fiscal Policy

Question 1

Money spent on government programs is referred to as

Revolt · Accepted Answer

an expenditure.

Question 2

Look at a portion of a sample paycheck:

Revolt · Accepted Answer

payroll

Question 3

Examine the pie chart.

Revolt · Accepted Answer

Social Security and Education/Health and Human Services

Question 4

millionbilliontrillion

Revolt · Accepted Answer

trillion

Question 5

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 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

Revenue is the amount of money that

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the government collects from taxes or borrowing.

Question 8

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

Revolt · Accepted Answer

the Constitution

Question 9

Examine the pie chart.

Revolt · Accepted Answer

international aid and veterans’ programs

Question 10

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.

Fiscal Policy Answers

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