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Fiscal Policy Quiz

Authored by Therese Kotzas

Other

12th Grade

Fiscal Policy Quiz
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41 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main tools the government uses to influence economic growth, employment, inflation, and income distribution?

Monetary policy and interest rates

Spending, taxation, and government charges

Trade policies and tariffs

Labor laws and regulations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the budget an annual statement of?

Expected revenue and planned expenditures

Expected revenue and planned savings

Expected expenditures and planned savings

Expected savings and planned expenditures

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For which period is the budget planned?

1 January to 31 December

1 April to 31 March

1 July to 30 June

1 October to 30 September

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the roles of fiscal policy (FP) in influencing the market?

Influence market allocation of resources

Influence the market distribution of goods

Influence the market distribution of services

Influence the market allocation of labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most important role of fiscal policy (FP) according to the document?

Influence market allocation of resources

Influence the market distribution of income

Manage aggregate expenditure

Influence the market distribution of goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the formula C + I + G + X - M represent in the context of fiscal policy (FP)?

Market allocation of resources

Aggregate expenditure

Redistribution of income

Market distribution of goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a role of fiscal policy (FP) mentioned in the document?

Influence market allocation of resources

Influence the market distribution of income

Manage aggregate expenditure

Influence the market distribution of goods

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