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CH 11 Quiz

Authored by Ernesto Frausto

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University

Used 3+ times

CH 11 Quiz
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37 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Government Expenditure is equal to Government Purchase

True

False

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Government Expenditures = SUM(Government Purchases + Government Transfer Payment)

Yes or No

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What four programs accounted for 67% of all government spending in 2016?

National Defense, Social Security, Wars, Income Security

National Defense, Social Security, Medicare, Income Security

Social Security, Infrastructure, Education, Income Security

Income Security, Infrastructure, Medicare, Public Realtions

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Where does the bulk of government tax revenue come from?

Individual Income Tax, Corporate Income Tax, Payroll Taxes

Individual Income Tax, Capital Gains Tax, Investment Tax

Capital Gains Tax, Corporate Income Tax, War Tax

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Progressive Income Tax is...

an income tax system in which one's tax rises as taxable income rises (up to some point)

an income tax system in which a person's tax rate is the same regardless of taxable income

an income tax system in which a person's tax rate declines a his or her taxable income rises

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Proportional Income Tax is...

an income tax system in which one's tax rate rises as taxable income rises (up to some point)

an income tax system in which a person's tax rate declines as his or her taxable income rises

an income tax system in which a person's tax rate is the same regardless of taxable income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Regressive Income Tax is...

an income tax system in which a person's tax rate declines as his or her taxable income rises

an income tax system in which a person's tax rate is the same regardless of taxable income

an income tax system in which a person's tax rate rises as taxable income rises (up to some point)

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