FINAL EXAM REVIEW-FALL 2024

Front

What percent of the federal budget is spent on defense as of 2023?

Back

11%

Front

The way an issue is framed largely determines

Back

which policy responses the government will consider implementing.

Front

What does it mean to “monetize” costs and benefits?

Back

to assign dollar values to the costs and benefits

Front

Without a positive cost-benefit analysis,

Back

it is almost impossible for a bill to pass

Front

Each aspect of a new law requires

Back

a new administrative rule

Front

A _____ adds specificity to a _______.

Back

rule; law

Front

______ is the value of all the goods and services produced in a nation over a year. For 2022, this was an estimated $24.8 trillion.

Back

Gross domestic product

Front

The gap between how much the federal government spends and how much it takes in is the ______.

Back

federal budget deficit

Front

Congress ______ the president’s yearly budget proposal.

Back

can ignore

Front

________ spending programs are funded annually, based on a formula, without requiring Congress’s reauthorization each year.

Back

Mandatory