Fiscal Policy

Question 1

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 2

millionbilliontrillion

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trillion

Question 3

Look at a portion of a sample paycheck:

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payroll

Question 4

When might workers be exempt from paying income taxes?

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when they don’t earn enough money

Question 5

Revenue is the amount of money that

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the government collects from taxes or borrowing.

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

Money spent on government programs is referred to as

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an expenditure.

Question 8

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.

Question 9

Examine the pie chart.

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Social Security and Education/Health and Human Services

Question 10

Examine the pie chart.

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international aid and veterans’ programs

Fiscal Policy Answers

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