Government Budgeting and Taxation Concepts

Government Budgeting and Taxation Concepts

Assessment

Interactive Video

Social Studies

6th - 8th Grade

Hard

Created by

Patricia Brown

FREE Resource

The video explains how taxes fund government services at local, state, and national levels. It covers the history of taxation, Adam Smith's principles for fair taxation, and the types of taxes in America, including sales, property, and income taxes. The video also discusses the federal budget, budget deficits, and national debt, highlighting how the government borrows money through bonds to cover deficits.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary source of revenue for the government to pay for services?

Donations

Taxes

Loans

Investments

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which ancient civilization paid taxes with crops and livestock?

Ancient Mesopotamia

Ancient China

Ancient Egypt

Ancient Greece

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Adam Smith, how should taxes be structured?

Collected randomly

Everyone pays the same amount

Only the wealthy pay taxes

Based on a person's ability to pay

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of tax is paid when purchasing goods?

Income tax

Property tax

Sales tax

Luxury tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which tax is typically included in a mortgage payment?

Income tax

Property tax

Capital gains tax

Sales tax

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a progressive tax?

A tax that only applies to luxury items

A tax that decreases as income increases

A tax that remains the same regardless of income

A tax that increases as income increases

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when government expenditures exceed revenue?

Budget deficit

Balanced budget

Budget surplus

Fiscal neutrality

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