Mr. Lee Fiscal Policy

Which of the following is an example of contractionary fiscal policy?

• Increasing taxes

• Increasing government spending

• Decreasing interest rates

• Increasing money supply.

What percentage of federal government funding comes from the deficit?

• 25%

• 40%

• 5%

• 4%

Which category contributes 25% to the federal government funding?

• Deficit

• Social insurance and retirement receipts

• Corporation income taxes

• Other taxes and receipts

Fill in the blank: Other taxes and receipts account for ___% of federal government funding.

• 4%

• 5%

• 25%

• 40%

Fill in the blank: The largest source of federal government funding is the ___, accounting for 40%.

• A) Deficit

• B) Social insurance and retirement receipts

• C) Corporation income taxes

• D) Other taxes and receipts

What percentage of the federal government expenditures is allocated to Health and Human Services?

• 15%

• 19%

• 21%

• 17%

Fill in the blank: The Agriculture category accounts for ___% of the federal government expenditures.

• 3%

• 5%

• 7%

• 9%

Fill in the blank: Borrowing accounts for ___% of state government revenue.

• 0.7%

• 1%

• 2%

• 3%

What percentage of state government expenditures is allocated to Education?

• 11%

• 31%

• 6%

• 13%

Which category has a higher percentage of state government expenditures than Highways?

• Education

• Hospitals

• Corrections

• Other