Fiscal Policy

Question 1

millionbilliontrillion

Revolt · Accepted Answer

trillion

Question 2

an excise taxan income taxa tariff

Revolt · Accepted Answer

a tariff

Question 3

When might workers be exempt from paying income taxes?

Revolt · Accepted Answer

when they don’t earn enough money

Question 4

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 5

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 6

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 7

Revenue is the amount of money that

Revolt · Accepted Answer

the government collects from taxes or borrowing.

Question 8

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

Revolt · Accepted Answer

discourage the use of specific products.

Question 9

Look at a portion of a sample paycheck:

Revolt · Accepted Answer

payroll

Question 10

Examine the pie chart.

Revolt · Accepted Answer

Social Security and Education/Health and Human Services

Fiscal Policy Answers