Government Spending Quiz

What is a household budget?

• A plan for mandatory spending

• A plan for business spending

• A plan for personal spending

• A plan for government spending

What is mandatory spending?

• Spending on national defense

• Spending on education programs

• Spending that is decided by Congress each year

• Spending that is required by law

What is discretionary spending?

• Spending that is decided by Congress each year

• Spending on national defense

• Spending that is required by law

• Spending on education programs

What is the federal budget?

• A plan for government spending

• A plan for mandatory spending

• A plan for business spending

• A plan for personal spending

What is the purpose of selling securities?

• To fund mandatory spending

• To fund discretionary spending

• To pay off government debt

• To raise money for the government

What is the negative effect of operating at a deficit?

• Increased government borrowing

• Decreased government spending

• Decreased interest payments

• Increased government revenue

What is the goal of balancing the budget?

• To decrease government revenue

• To increase interest payments

• To increase government borrowing

• To decrease government spending

What is the ongoing debate about government spending?

• How to decrease discretionary spending

• How citizens' tax dollars should be spent

• How much money the government should borrow

• How to increase mandatory spending

What role does the government play in the economy?

• Educating people

• Researching cures for diseases

• Defending against attack

• Providing safety net for citizens

What role does the government play in keeping people safe?

• Defending against attack

• Providing safety net for citizens

• Researching cures for diseases

• Educating people