WorksheetsFiscal Policy - Spending
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
When revenues are higher than expenditures in a budget, that budget
a)
is in balance.
b)
must be discarded.
c)
shows a surplus.
2.
A plan for spending money that balances income with spending and shows how money will be spent is
a)
surplus.
b)
an expenditure.
c)
a budget.
3.
Which of the following words can best be applied to this budget?
a)
unbalanced
b)
balanced
c)
deficit
4.
an obligation to pay something
a)
budget
b)
debt
c)
deficit
5.
What does deficit spending require a government to do?
a)
cut taxes
b)
take on debt
c)
hire more workers
6.
to distribute something among those who need or want it
a)
budget
b)
allocate
c)
debt
7.
a plan that balances avalable resources and expenses
a)
deficit
b)
allocate
c)
budget
8.
spending in excess of revenue that has to be financed with borrowed money
a)
debit
b)
deficit
c)
surplus
9.
revenue in excess of spending
a)
expenditures
b)
surplus
c)
debt
10.
The three types of Federal Government Spending are the following:
1. Mandatory
2. Discretionary
3. interest
a)
True
b)
False
100 %
