Unit 6 Vocabulary
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Social Studies
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12th Grade
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Medium
Wesley Hearne
Used 17+ times
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1 Slide • 20 Questions
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Multiple Choice
A situation in which budget expenditures exceed revenues
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Multiple Choice
A tax for which the percentage of income paid in taxes increases as income increases.
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Multiple Choice
A tax on the total value of the money and property of a person who has died.
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Multiple Choice
Social welfare program that people are “entitled to” benefit from if they meet certain eligibility requirements.
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Multiple Choice
A tax based on real estate and other property.
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Multiple Choice
A required payment to a local, state, or national government.
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Multiple Choice
Spending about which Congress is free to make choices.
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Multiple Choice
A tax for which the percentage of income paid in taxes decreases as income increases.
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Multiple Choice
A school of thought based on the idea that the supply of goods drives the economy
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Multiple Choice
A tax on the money or property that one living person gives to another.
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Multiple Choice
A tax for which the percentage of income paid in taxes remains the same at all income levels.
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Multiple Choice
The use of government spending and revenue collection to influence the economy
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Multiple Choice
The income received by a government from taxes and other nontax sources.
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Multiple Choice
Taking tax payments out of an employee’s pay before he or she receives it.
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Multiple Choice
Spending that Congress is required by existing law to do.
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Multiple Choice
A tax based on goods or services that are sold.
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Multiple Choice
A school of thought based on the idea that demand for goods drives the economy
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Multiple Choice
A situation in which budget revenues exceed expenditures
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Multiple Choice
A fiscal policy used to encourage economic growth, often through increased spending or tax cuts
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Multiple Choice
A fiscal policy used to reduce economic growth, often through decreased spending or higher taxes
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