GOVERNMENT SPENDING TEST

Front

A percentage of money taken from individuals or businesses is referred to as

Back

income tax

Front

Government programs that provide people with services as long as they qualify are referred to as

Back

entitlements

Front

When the government spends more money than it receives in revenue, it is referred to as

Back

deficit

Front

How does the government get into debt?

Back

They run too many budget deficits

Front

When government spending exceeds revenue in a single year.

Back

deficit

Front

When revenue exceeds spending.

Back

surplus

Front

If a budget item is not mandatory it is probably . . .

Back

discretionary

Front

spending includes spending for entitlement programs and certain other payments to people, businesses, and governments

Back

Mandatory Spending

Front

Which of the following does the US spend the most DISCRETIONARY money on? defense, education, international affairs, health care

Back

defense

Front

Spending required by law

Back

mandatory spending