the total amount borrowed from investors to finance the government’s deficit spending

annual budget in which expenditures equal revenues

per person basis; total divided by population

that part of the economy made up of private individuals and businesses

program or benefit that uses established eligibility requirements to provide health, nutritional, or income supplements to individuals

Which is the primary source of revenue for the federal government?

Which type of tax is levied on specific items or services, including gasoline and telephone services?

Which of the following could be considered a synonym for FICA?

Which of the following is NOT an example of federal mandatory spending?

Higher-than-normal interest rates caused by heavy government borrowing hurts private borrowers through ______ .