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

This is the yearly plan for how the US Government will spend the money it takes from taxes and borrowing

• federal budget

• the task

• discretionary spending

• mandatory 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

Who is in charge of fiscal policy?

• Government
• Federal Reserve

What do Social Security taxes pay for?

• benefits to federal workers and military personnel
• benefits to those who are unemployed
• transportation and training expenses for low-income people
• benefits to older citizens, surviving family members of wage earners, and people with certain disabilities

The largest portion of revenue for the Federal Government comes from

• user fees
• Federal income Tax
• national Sales Tax
• Transfer Payments

Discretionary or Mandatory: Medicare and Medicaid

• Discretionary

• Mandatory