DSA1

What is the main revenue source for governments?

• Tax collection

• Sales tax

• Income tax

• Property tax

What is a plan of what the government intends to have as expenditures in a fiscal year?

• Tax collection

• National Debt

• Expenditures

• Budget

If the government spends more than it collects in revenue, what is the term used?

• Deficit

• National Debt

• Budget

• Expenditures

What is everything that a government actually spends money on?

• Expenditures

• Defense

• Education

• Health care

What is the management of a country’s revenue, expenditures, and debt load through various government institutions?

• National Debt

• Budget

• Public Finance

• Tax collection

What is the term used when the government has less expenditures than it collects in taxes?

• Surplus

• Budget

• Deficit

• Expenditures