Federal Budget Economic Goals
Presentation
•
Social Studies
•
9th - 12th Grade
•
Medium
Carie Barry
Used 4+ times
FREE Resource
16 Slides • 23 Questions
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Multiple Select
What are the two primary functions of government according to the economic goals of the United States?
Provide healthcare and education
Protect the nation's economy
Provide assistance and economic security
Ensure public safety and maintain infrastructure
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Multiple Choice
How is the government usually run in a two-party system?
By a single leader with absolute power
By a coalition of multiple political parties
By people with differing views and political ideologies
Without any political parties
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Multiple Choice
Who is responsible for creating the budget in the United States?
The President alone
Elected and appointed officials in the executive and legislative branches
The Supreme Court
State governors
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Multiple Choice
What does it mean when the budget is 'balanced'?
When the government spends more than it takes in
When revenue and spending are equal
When there is extra money left in the budget
When the budget is approved by the Congress
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Multiple Choice
What is a 'Budget Deficit'?
The total amount of money a country owes
Extra money left in a budget after all spending takes place
A condition that occurs when the federal government spends more than it takes in
When revenue and spending are equal
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Multiple Choice
What is the national debt of the United States as of March 2022?
$20.3 trillion
$30.3 trillion
$40.3 trillion
$25.3 trillion
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Multiple Choice
Which of the following is NOT one of the largest budget items of the United States?
Social Security
Medicare/Medicaid
Defense/War
Education
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Drag and Drop
A 0% unemployment rate
A 10% unemployment rate
A 2%-3% unemployment rate
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Dropdown
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Drag and Drop
To increase taxes
To control the total supply of money
To promote high inflation rates
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Multiple Choice
What is the goal of economic efficiency for governments?
To increase the complexity of economic policies
To ensure that policies lead to efficient and full use of scarce resources
To focus solely on economic growth
To reduce the number of government programs
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Multiple Choice
What is the consequence of an economy that does not grow, as mentioned in the text?
Increased productivity and economic stability
High unemployment, low productivity, and other negative situations
Rapid economic growth and prosperity
Decreased government spending
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Dropdown
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Multiple Choice
Who are involved at the beginning of the budget process in the Executive Branch?
Department secretaries and the president
Executive agency leaders and economic analysts from the White House
Office of Management and Budget (OMB) only
White House and Congress
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Multiple Choice
What is the final step in the budget process in the Executive Branch?
Department secretaries review the budget
The budget is published in the media
A complete budget document is submitted to the president for final review and approval
The Office of Management and Budget (OMB) enacts the budget
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Dropdown
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Drag and Drop
The power to dismiss executive branch officials
The power to implement the budget
The power to veto budget proposals
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Dropdown
35
Multiple Choice
What is an example of an uncontrollable government expenditure?
Military equipment purchases
Infrastructure development
Direct benefit payments and interest payments of the national debt
Education funding
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Drag and Drop
Temporary assistance for needy families
National defense spending
Government subsidies for agriculture
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Drag and Drop
Are optional and can be adjusted each year
Are one-time payments for special projects
Are only for military personnel
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Drag and Drop
Environmental protection
Transportation
Criminal justice
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Multiple Select
Besides defense, on what other areas does the government spend tax revenues?
Education and healthcare
Environment and transportation
Criminal justice
Arts and culture
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