Federal Budgets

Multiple Choice

Which of the following is a part of mandatory outlays?

• Social Security

• Defense Spending
• Government Employee Salaries

• Infrastructure Maintenance

Multiple Choice

Social Security and Medicare Outlays:

• Are funded by Income Tax

• Have increased in size recently

• are used to make sure working age adults stay healthy

• are part of discretionary spending

Multiple Choice

Income taxes in the United States can be described as

• progressive

• regressive

• flat

• u-shaped

Multiple Choice

Which of the following is FALSE regarding deficits?

• Deficits grow when outlays increase

• Deficits tend to grow during recessions

• Deficits grow when revenues increase

• Recent U.S. budget deficits are large in a historical context

Multiple Choice

Which of the following is true?

• The United States generally has a budget surplus

• National debt is the same as budget deficit

• The national debt is the sum of yearly budget deficits

• A deficit will occur when revenues exceed outlays

Open Ended

What policy goals did you select, and why?

What policies did you find had a significant impact on federal debt?

Did you learn about any policy proposals that were new to you?