Federal Budget

The federal government's budget is put together

• for Congress to see the previous year's expenses

• by Congress

• for the President to see the upcoming year's expenses

• All of the above

What is "debt ceiling"?

• the limit on the amount of national debt allowed by the nation

• The largest amount of expenditures the nation can accumulate.

• The breaking point in which the stock market crashes.

• The highest level of debt allowed by the United Nations.

Which of the following fiscal policy tools would decrease the national debt?

• increase income taxes

• decrease income taxes

• increase money supply

• decrease money supply

Imagine Kai, Avery, and Michael are playing a game of 'Budget Allocation'. They are discussing the US federal budget. Which department do they think receives a heavy investment?

• Department of Agriculture

• Department of Education

• Department of Defense

• Department of Transportation

Elijah, Evelyn, and Mason are having a heated debate about the US national debt. They all agree on one main cause. Can you guess what it is?

• Elijah thinks it's because of decreased taxes leading to reduced revenue

• Evelyn argues it's due to foreign aid and military spending

• Mason insists it's because government spending is exceeding revenue

• They all are worried about increased interest rates on national debt

Imagine Abigail, Mia, and Zoe are playing a game of 'Guess the Budget'. They are trying to figure out the approximate cost of the US federal budget that is allocated to defense spending. Can you help them out?

• 100 Billion

• 500 Billion

• 1 Trillion

• 1 Million

Mia, Liam, and Samuel are participating in a school debate about the federal budget. They are discussing what the federal budget includes. According to their research, what does it include?

• Foreign aid

• Military spending

• Community development grants

• All of the above

Which branch of the government is primarily responsible for creating the federal budget?

• Executive Branch

• Legislative Branch

• Judicial Branch

• State Governments

What is the primary purpose of the federal budget?

• To allocate resources for public services

• To increase national debt

• To reduce taxes

• To control inflation

Which of the following is a major source of revenue for the federal budget?

• Property taxes

• Sales taxes

• Income taxes

• Estate taxes