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Unit IV Review - Financing Government

Authored by Phillip Klein

Social Studies

11th Grade

Used 12+ times

Unit IV Review - Financing Government
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the largest source of Federal Revenue.

Sales Tax

Estate Tax

Payroll Tax

Income Tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which policy would result in economic expansion?

Raise Interest Rates

Lower Interest Rates

Increase Taxes

Decrease Government Spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are taxes on the purchases of goods or services.

Estate Tax

Income Tax

Payroll Tax

Sales Tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taxes on goods that are imported to the US from another country.

Tariff

Payroll Tax

Income Tax

Estate Tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would result in a contracting economy.

Increased government spending

Buy back government bonds through Open Market Operations

Lower Taxes

Increase the discount rate on Federal Reserve loans.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the government spends more money than it collects in revenues, which of the following will occur.

A balanced budget

A budget deficit (increase in debt)

A budget surplus (extra revenue)

Discount Rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are economic goals of governments, EXCEPT...

Full employment

Economic Growth

Inflation

Price Stability

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