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- 1. Multiple Choice
Which of the following does the US spend the most money on?
defense
education
international affairs
health care
- 2. Multiple Choice
Spending required by law
discretionary spending
mandatory spending
federal spending
surplus spending
- 3. Multiple Choice
discretionary spending is
congress's choice
required by law
requested by the president
All of the above
- 4. Multiple Choice
When a government it spending more money than it is making, it is operating in a...
deficit
surplus
IOU
interest
- 5. Multiple Choice
Which of the following NOT considered mandatory spending?
medicare
national parks
Assistance for low-income families
social security
- 6. Multiple Choice
A plan for how much will be spent on various things.
surplus
budget
deficit
securities
- 7. Multiple ChoiceOn which of the following does the federal government spend the largest portion of its budget?MedicareDefenseSocial SecurityEducation
- 8. Multiple Choice
What is a federal budget deficit?
All the debt owed by the federal government.
When government spends more than it brings in.
When government spends the same amount it brings in.
Value of all goods and services produced in a country.
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