Fiscal Policy Quiz example #71882

11 June 2023
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10 test answers

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question
When might workers be exempt from paying income taxes?
answer
when they don't earn enough money
question
In addition to raising money, the government imposes excise taxes to
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discourage the use of specific products.
question
What gives Congress the power to raise taxes to fund services?
answer
the Constitution
question
The graph shows how the federal budget grew between 1980 and 2010. A conclusion that can be drawn from the graph is
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the federal government has almost always spent more than it receives.
question
The US government's expenditures increased rapidly in the 30 years between 1980 and 2010, rising to about 3.5 dollars.
answer
trillion
question
Which best describes a way in which the government might respond to rising threats to national security through fiscal policy?
answer
increasing military spending
question
What are some examples of excise taxes imposed by the government? Check all that apply.
answer
gambling cigarettes alcohol gasoline
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Revenue is the amount of money that
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the government collects from taxes or borrowing.
question
What happens to the amount of money the government collects in taxes if unemployment is high?
answer
It goes down.
question
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.