
Budget Stance Quiz
Authored by Daniel CROWE
Business
12th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In times of recession, budgetary policy in Australia can be used to expand economic growth by:
increasing government spending and increasing income taxes.
increasing government spending and decreasing income taxes.
decreasing government spending and decreasing income taxes.
decreasing government spending and increasing income taxes.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In periods of low economic growth, budgetary policy in Australia can be used to increase economic growth by:
increasing government spending and increasing income taxes.
increasing government spending and decreasing income taxes.
decreasing government spending and increasing income taxes.
decreasing government spending and decreasing income taxes.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government policy to increase the size of the budget deficit during a period of low economic growth is most likely to result in:
a decrease in the inflation rate, an increase in the unemployment rate and a decrease in the economic growth rate.
an increase in the inflation rate, a decrease in the unemployment rate and a decrease in the economic growth rate.
an increase in the inflation rate, an increase in the unemployment rate and an increase in the economic growth rate.
an increase in the inflation rate, a decrease in the unemployment rate and an increase in the economic growth rate.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Two economic indicators of contractionary budgetary policy in Australia would be:
lower tax rates and lower interest rates.
lower tax rates and reduced government spending.
higher tax rates and reduced government spending.
lower tax rates and increased government spending.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is least likely to be indicative of an expansionary budgetary policy
A budget deficit of 1 billion that includes 500m of expenditure on drought relief
A budget deficit of 1 billion that includes 500m of expenditure on global warming initiatives
A budget deficit of 2 billion that includes 1.6Bm of export grants or subsidies
A budget deficit of 2 billion that includes 1.6Bm of tied to foreign aid
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of budget would be considered to be most 'expansionary' in terms of the impact on AD in the economy?
A reduction in the size of the surplus
An increase in the size of the surplus
An increase in the size of the deficit
A decrease in the size of the deficit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes what would happen if the economy entered the expansion phase
Tax revenue would increase and gov’t expenditure would fall reducing the deficit
Tax revenue would decrease and gov’t expenditure would increase increasing the deficit
Tax revenue would decrease and gov’t expenditure would increase increasing the deficit
Tax revenue would increase and gov’t expenditure would fall increasing the deficit
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