CIVICS CHAPTER 21 TEST

THE MONEY A GOVERNMENT COLLECTS FROM TAXES OR OTHER SOURCES IS CALLED...

• REVENUE

• BUDGET

• DEBT

• DEFICIT

EXTRA MONEY LEFT IN A BUDGET AFTER ALL SPENDING TAKES PLACE IS CALLED...

• REVENUE

• SURPLUS

• DEFICIT

• NATIONAL INCOME

FINANCIAL OUTLAY IS A/AN...

• ENTITLEMENT

• SPENDING

• CONTROLLED

• EXPENDITURES

LEFT TO CHOICE OR JUDGMENT IS CALLED...

• DISCRETIONARY

• ENTITLEMENT

• SUBSIDY

• EXEMPTIONS

A HIGH CUSTOMS DUTY IS A....

• EXCISE TAX

• REGRESSIVE TAX

• PROGRESSIVE TAX

• PROTECTIVE TARIFF

PAYMENT MADE BY INDIVIDUALS AND BUSINESS TO SUPPORT GOVERNMENT ACTIVITIES IS CALLED..

• EXCISE TAX

• PROTECTIVE TARRIFF

• TAX

• GRANT

the money an employer holds back from workers wages as payments of anticipated income taxes

• withholdings

• dependents

• taxable income

• exemptions

When the federal government gives a state or local government a grant or gift of money this is an example of ...

• deduciton

• exemption

• subsidy

• tax

markets,scales, reports, or figures that give information about how areas of the economy are performing is called...

• economic indicators

• fiscal indicators

• gdp

• index

the central banking system of the u.s. is called the ...

• national reserve system

• state reserve system

• federal reserve system

• gross domestic product