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WorksheetsGovernment Spending
Total questions: 11
Worksheet time: 11mins
What is the major component of government spending?
Income Tax
Transfer Payment
Government borrowing
fiscal deficit
----------- is the money that all governments federal, state, and local-spend to pay employees and to buy things for their own use like paper clips, fire engines, and military weapons.
(a)
------- is a one-way payment to a person or organization which has given or exchanged no goods or services for it
(a)
---------- is when a government's expenditures exceed its revenues during a fiscal period, causing it to run a budget deficit.
(a)
what is the sources of public debt
transfer payment
Government securities
collateral
expenditure
Can the government run conventionally-measured budget deficits forever?
Yes
No
----------- refers to funds that are used by a company for the purchase, improvement or maintenance of long-term assets to improve the efficiency or capacity of the company.
(a)
Transfer payments do not include subsidies paid to
exporters
unemployment
education
disability
When a government it spending more money than it is making, it is operating in a...
deficit
surplus
IOU
interest
On which of the following does the government spend the largest portion of its budget?
Medicare
Defense
Social Security
Education
Where does government get money for the economy? (select all which may apply)
other countries
citizen taxes
the president
new legislation
business taxes
