BUDGET QUIZ

A SET TIME FOR TAXES AND ACCOUNTING PURPOSES. IT STARTS FOR THE U.S. GOVERNMENT ON OCTOBER 1ST.

• FISCAL POLICY

• FISCAL YEAR

• DEBT CEILING

• TAX DAY

THE LIMIT ON THE AMOUNT OF MONEY THAT A GOVERNMENT MAY BORROW

• DEBT CEILING

• CONTINUING RESOLUTION

• FISCAL

• SURPLUS AND DEFICIT

THE TOTAL AMOUNT OF MONEY THE GOVERNMENT HAS BORROWED

• TAXES AND LOANS

• FISCAL POLICY

• BUDGET

• NATIONAL DEBT

THIS WOULD BE PASSED BY CONGRESS TO TEMPORARILY FUND THE GOVERNMENT IN ABSENCE OF AN APPROVED BUDGET

• MONETARY POLICY

• FISCAL POLICY

• APPROPRIATIONS BILL

• CONTINUOUS RESOLUTION

A GOVERNMENT'S ANNUAL INCOME FROM WHICH PUBLIC EXPENSES ARE MET

• REVENUE

• SURPLUS

• SPENDING

• INDIRECT TAXES

SPENDING MORE THAN YOU ARE COLLECTING IN REVENUE

• FIXED SPENDING

• BUDGET

• DEFICIT SPENDING

• TAXES

SPENDING THAT IS TIED TO A PASSED LAW AND REQUIRED TO FUNDED AND MONEY SPENT

• FIXED SPENDING OR MANDATORY SPENDING

• DEBT CEILING

• DEFICIT SPENDING

• DIRECT TAX

A SITUATION WHERE THE GOVERNMENT COLLECTS MORE THAN IT SPENDS

• DEFICIT

• SPENDING

• TAX

• SURPLUS

AN INCREASE IN THE PRICES OF GOODS/SERVICES AND A FALL IN THE PURCHASING POWER OF YOUR MONEY

• EXCISE TAXES

• DEFICIT

• SURPLUS

• INFLATION

A GOVERNMENT PROGRAM THAT GUARANTEES CERTAIN BENEFITS TO A PARTICULAR GROUP OR SEGMENT OF THE POPULATION AS LONG AS THEY MEET THE REQUIREMENTS

• ENTITLEMENT PROGRAM

• DEPRESSION

• PUBLIC GOOD

• RECESSION