Unit 4 Business and Government Review
Authored by Stephanie Windon
Other
11th - 12th Grade
Used 6+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A plan for spending money that balances income with spending and shows how money will be spent is ___.
a surplus.
an expenditure.
a budget.
a deficit.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This diagram shows a government's approach to taxing and spending. Which of the following would be a good title for this diagram?
Government Spending
The National Economy
The Federal Debt
Fiscal Policy
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When a government creates a budget, it is seeking a way to ___.
spend as much revenue as possible.
cut spending to a bare minimum.
return as much money to taxpayers a possible.
allocate money to programs and projects.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the main goal in creating the federal budget?
Managing businesses and increasing spending on all programs.
Deciding how to manage the government's tax revenue and expenditures.
Finding a way to allow the economy to run on its own.
Finding a way to slow down rapid economic growth.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When revenues are higher than expenditures in a budget, that budget ___.
shows a deficit.
is in balance.
must be discarded.
shows a surplus.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does deficit spending require a government to do?
Lay-Off Workers
Cut Taxes
Take On Debt
Hire More Workers
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The graph shows the federal budget from 1980 to 2010. What conclusions can be drawn from this graph?
Federal law requires the budget to be balanced.
Republicans do a good job in balancing the budget.
In most years, the federal budget shows a surplus.
The federal budget is usually unbalanced.
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