Government Spending

Which of the following does the US spend the most money on?

• defense

• education

• international affairs

• health care

Spending required by law

• discretionary spending

• mandatory spending

• federal spending

• surplus spending

discretionary spending is

• congress's choice

• required by law

• requested by the president

• All of the above

When a government it spending more money than it is making, it is operating in a...

• deficit

• surplus

• IOU

• interest

Which of the following NOT considered mandatory spending?

• medicare

• national parks

• Assistance for low-income families

• social security

A plan for how much will be spent on various things.

• surplus

• budget

• deficit

• securities

On which of the following does the federal government spend the largest portion of its budget?

• Medicare
• Defense
• Social Security
• Education

What is a federal budget deficit?

• All the debt owed by the federal government.

• When government spends more than it brings in.

• When government spends the same amount it brings in.

• Value of all goods and services produced in a country.