What is a continuing resolution?

allows agencies to spend at the same level as last year

What does the Congressional Budget Office do?

assists Congress in making the budget

when everyone pays the same rate in taxes

What does the Office of Budget and Management do?

prepares and advises the president on the budget

What is the national debt?

all the money borrowed by the federal government

What is an appropriations bill?

funding programs established by authorization bills

What is incrementalism?

predicting the new budget based on last years plus more

What is a tax expenditure?

revenue loss resulting from special exemptions

provides health insurance for the elderly

What is an income tax?

shares of wages collected by the national government

What is an uncontrollable expenditure?

expenditures based on eligible beneficiares

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Budget

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Budget Process

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Questions 19

Answers

1
Who must authorize federal appropriations?
OMB
the president
congress
CBO
2
What is a continuing resolution?
funding programs established by authorization bills
continuing to resolve budget problems during the fiscal year
resolution binding Congress to a total expenditure
allows agencies to spend at the same level as last year
3
What is an example of a tax expenditure?
rent
college
car loans
charitable donations
4
What does the Congressional Budget Office do?
assists the President in making the budget
creates the budget
assists Congress in making the budget
finalizes the budget
5
Where does most of government money go?
Social Security
Defense
Agriculture
Construction
6
What is a flat tax?
when people don't pay taxes
when people pay taxes based on income
when everyone pays the same amount in taxes
when everyone pays the same rate in taxes
7
What is an expenditure?
money gain
money loss
government spending
policy allocating money
8
What provides the largest amount of federal revenue?
loan repayments
sales taxes
income taxes
tax expenditures
9
What does the Office of Budget and Management do?
finalizes the budget
creates the budget
prepares and advises the president on the budget
prepares and advises congress on the budget
10
What is the national debt?
all the money borrowed by the federal government
all the money Obama spent
all the money we owe China
all the money borrowed by local governments
11
Who does tax policy impact?
white men
most Americans
government officials
poor Americans
12
Which amendment permits Congress to levy an income tax?
12th amendment
6th amendment
17th amendment
16th amendment
13
What is an appropriations bill?
using the same amount of funds as the previous year
funding programs established by authorization bills
funding programs established by the president
funding for bills that follow the law
14
What is incrementalism?
increasing the budget by steps
predicting the new budget based on last years plus more
the amount of money given to defense programs
decreasing the budget by steps
15
What is a deficit?
policy allocating burdens and benefits
government spending
financial resources of the government
excess of federal expenditures
16
What is a tax expenditure?
revenue loss resulting from special exemptions
revenue gain from special exemptions
excess of federal revenue
government spending
17
What is Medicare?
provides health insurance to poor Americans
law intended to provide sustenance to older Americans
medical care for all Americans
provides health insurance for the elderly
18
What is an income tax?
shares of wages provided by the national government
it does not exist
money borrowed by the federal government
shares of wages collected by the national government
19
What is an uncontrollable expenditure?
too much government spending
expenditures based on eligible beneficiares
the governments allowance
money that is spent frivolously

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