Fiscal Policy

Question 1

Examine the pie chart.

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international aid and veterans’ programs

Question 2

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

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increasing military spending

Question 3

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

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the Constitution

Question 4

Fiscal policy is the government’s approach to

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taxing and spending.

Question 5

When might workers be exempt from paying income taxes?

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when they don’t earn enough money

Question 6

In addition to raising money, the government imposes excise taxes to

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discourage the use of specific products.

Question 7

Look at a portion of a sample paycheck:

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payroll

Question 8

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

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increase spending on Social Security.

Question 9

Revenue is the amount of money that

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the government collects from taxes or borrowing.

Question 10

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

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

Fiscal Policy Answers

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