Chapter 10:
Government Spending
1.
According to the textbook, the per capita expenditure by federal, state, and local governments amounted to almost __________ for every man, woman, and child in the United States.
a.
$5,300
b.
$10,300
c.
$15,300
d.
$20,300
2.
Social Security, welfare, unemployment compensation, and aid for people with handicapping conditions are examples of __________ payments, payments for which the government receives neither goods nor services in return.
a.
compensation
b.
transfer
c.
closed
d.
grant-in-aid
3.
A transfer payment that one level of government makes to another is known as a ___________.
a.
grant-in-aid
b.
compensation
c.
government transformation
d.
fund switch
4.
The __________ is an annual plan outlining proposed revenues and expenditures for the coming year.
a.
federal contrivance
b.
annual authorization
c.
federal budget
d.
annual stratagem
5.
The largest category of federal government spending is __________ .
a.
transportation
b.
national defense
c.
medicare
d.
Social Security
6.
A(n) ____________ amendment is a constitutional amendment that requires that annual spending not exceed revenues.
a.
spending revenue ratio
b.
balanced budget
c.
balanced revenue
d.
annual spending
7.
The largest category of state spending is _________ expenditures, funds that one level of government transfers to another level for spending.
a.
discretionary
b.
intergovernmental
c.
transfer
d.
educational
8.
The largest category of spending by local governments is ___________.
a.
higher education
b.
elementary and secondary education
c.
public welfare
d.
highways
9.
Historically, the federal budget was characterized by a remarkable amount of __________ spending, or spending in excess of revenues collected.
a.
deficit
b.
surplus
c.
shortage
d.
discretionary
10.
The __________ is the total amount borrowed from investors to finance deficit spending by the federal government.
a.
consumer debt
b.
deficit spending
c.
investor debt
d.
federal debt
11.
The __________ provision is a requirement that new spending proposals or tax cuts must be offset by reductions elsewhere.
a.
crowding-out
b.
exponential
c.
appropriations
d.
pay-as-you-go
12.
Social Security, medicaid, medicare, agricultural price supports, retirement and health benefits, unemployment compensation, and some aids to the poor are called __________ because people are permitted to draw benefits if they meet the eligibility requirements.
a.
transfers
b.
consumer supports
c.
entitlements
d.
eligibility quotas
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Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16
Chapter 17
Chapter 18
Chapter 19
Chapter 20
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