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Fiscal Policy B

Total questions: 10

Worksheet time: 14mins

Name
Class
Date
1.

Categorize

Categorize the following

lowering taxes

Raising taxes

More government spending

Less government spending

Speeds up the economy
Slows down the economy
2.

Match the following

a)

People have more money and spend more

1.

Lower taxes

b)

People have less money and spend less

2.

Higher taxes

c)

Consumer Price Index

3.

CPI

d)

Gross Domestic Product

4.

GDP

3.

Categorize

Categorize the following

Unemployment goes down

Unemployment goes up

GDP goes up

GDP goes down

More government spending
Less government spending
4.

Select the 2 tools a government can use to manage the economy

a)

Elections

b)

Taxes

c)

Wait for things to fix themselves

d)

government spending

5.

During a recession, a government should​ (a)   so people have​ (b)   to spend.

Choose from the below words
lower taxes
more money
raise taxes
less money
6.

Why does unemployment go down when a government spends more?

a)

Because the government uses the extra money to create more jobs

b)

Everybody gets fired

c)

There are fewer jobs because the government is spending less money.

d)

Unemployment actually goes up because more jobs are available.

7.

Unemployment is

a)

The number of people who need a job but can't get a job

b)

the best sign of a booming economy

c)

the creation of more jobs

8.

High unemployment is​ (a)   and low unemployment is​ (b)  

Choose from the below words
bad
good
GDP
labor
9.

​ (a)   is the process used by a government to manage the economy.

Choose from the below words
Fiscal Policy
ISS
10.

The policy used by a government to manage the economy.

a)

Fiscal policy

b)

In School Suspension

c)

Diplomacy