FINAL EXAM REVIEW-FALL 2024

What percent of the federal budget is spent on defense as of 2023?

• 32%

• 45%

• 11%

• 5%

The way an issue is framed largely determines

• the length of time the issue will stay on the agenda.

• which policy responses the government will consider implementing.

• the degree in which the media will exaggerate the severity of the problem

• the amount of money that will be spent on the problem

What does it mean to “monetize” costs and benefits?

• to assign dollar values to the costs and benefits

• to generate a monopoly in that particular policy area

• to actually pay for them in U.S. dollars

• to make money off of the proposed policy

Without a positive cost-benefit analysis,

• the president will not sign the bill

• it is almost impossible for a bill to pass

• a bill is still likely to pass

• the bureaucracy will not implement the policy

Each aspect of a new law requires

• a press release

• presidential approval

• a new administrative rule

• another vote in Congress

A _____ adds specificity to a _______.

• rule; law
• policy; proposal

• proposal; policy

• law; rule

______ is the value of all the goods and services produced in a nation over a year. For 2022, this was an estimated $24.8 trillion.

• Gross domestic product
• gross U.S. income

• net U.S. income

• net domestic product

The gap between how much the federal government spends and how much it takes in is the ______.

Congress ______ the president’s yearly budget proposal.

• must accept

• can ignore

• almost always accepts

• almost always rejects

________ spending programs are funded annually, based on a formula, without requiring Congress’s reauthorization each year.