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Key Terms in the Federal Budget

Key Terms in the Federal Budget

Assessment

Interactive Video

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

Olivia Brooks

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What month does the fiscal year begin?

July

October

January

April

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of spending is decided by the Appropriations Committees?

Mandatory spending

Sequestration spending

Discretionary spending

Reconciliation spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if the government runs out of money and a budget isn't passed?

Continuing resolution

Shutdown

Omnibus bill

Budget surplus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a continuing resolution?

A mandatory spending bill

A final budget

A temporary funding measure

A deficit reduction plan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required for a bill to pass in the Senate under normal circumstances?

100 votes

60 votes

51 votes

75 votes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if the government spends less than it receives in taxes?

Sequestration

Surplus

Deficit

Debt increase

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'Paygo' stand for?

Payment governance

Payroll governance

Payment gone

Pay as you go

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