Federal Gov't Finances Chap 14 Lesson 2
Quiz by Peter Duesterbeck
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10 questions
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- Q1the total amount borrowed from investors to finance the government’s deficit spendingentitlementprivate sectornational debtper capita30s
- Q2annual budget in which expenditures equal revenuesnational debtentitlementprivate sectorbalanced budget30s
- Q3per person basis; total divided by populationentitlementfancy mathbalanced budgetper capita30s
- Q4that part of the economy made up of private individuals and businessesthe filthy richsecret sectorbalanced budgetprivate sector30s
- Q5program or benefit that uses established eligibility requirements to provide health, nutritional, or income supplements to individualsbudget fatsurpluswelfareentitlement30s
- Q6Which is the primary source of revenue for the federal government?taxesborrowingfeesduties30s
- Q7Which type of tax is levied on specific items or services, including gasoline and telephone services?estate taxcustoms dutyexcise taxgift tax30s
- Q8Which of the following could be considered a synonym for FICA?intergovernmental revenuescorporate income taxpayroll taxestate tax30s
- Q9Which of the following is NOT an example of federal mandatory spending?income securityMedicareSocial Security30s
- Q10Higher-than-normal interest rates caused by heavy government borrowing hurts private borrowers through ______ .the "pay-as-you-go" provisionspending capsthe crowding-out effectdeficit spending30s