Economics IC Fiscal Policy: Spending Quiz

A plan for spending money that balances income with spending and shows how money will be spent is

The graph shows the federal budget from 1980 to 2010. What conclusion can be drawn from this graph?

The pie chart shows federal spending in 2010. Which of the following was the highest spending priority for the federal government in 2010?

The diagram shows a government budget. Which of the following best describes what the diagram is showing?

The diagram shows an aspect of fiscal policy. What aspect of fiscal policy does this diagram show?

When a government creates a budget, it is seeking a way to

"Meeting the spending targets in this budget meant some very difficult choices." President Barack Obama, 2012 Budget Message of the President Read the passage. What did the president mean when he said he had to face "very difficult choices" when creating a federal budget?

Which statements accurately describe debts and deficits? Check all that apply.

Which of these effects of expansionary spending would a government most want to avoid?

The graph shows the federal budget from 1980 to 2010. In which period did the federal budget show the greatest deficit?

What does deficit spending require a government to do?

A plan for spending money that balances income with spending and shows how money will be spent is

This diagram shows a government's approach to taxing and spending. Which of the following would be a good title for this diagram?

When revenues are higher than expenditures in a budget, that budget

When a government creates a budget, it is seeking a way to

When governments inject money into the economy, which of the following are their goals? Check all that apply.