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The Federal Budget
The Federal Budget
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StudBud Administration
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Review questions from guided reading notes on the Federal Budget.
Flashcards
17 cards
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Questions
17
Answers
1
When government income is greater than spending.
Surplus
Deficit
Debt
Fiscal
2
Largest expenditure by most state governments?
Military
Education
Postal Service
Highways
3
Government spending that has to happen each year such as social security.
Discretionary
Mandatory
Questionable
Fiscal
4
Money earned by the government such as taxes
Fiscal
Revenue
Budget
Expenditures
5
Helps the president prepare the budget.
DEA
OMB
FBI
CBO
6
Government spending that is up for negotiation each year such as education or the military.
Monetary
Discretionary
Mandatory
Fiscal
7
Who proposes the North Carolina budget each year?
City Council
Mayor
Governor
General Assembly
8
The policy towards taxing and spending.
budget
fiscal
monetary
mandatory
9
Who hires lobbyists to try and influence how much our government spends on certain programs?
Media
Congress
Interest Groups
Politicians
10
Who proposes the federal budget each year?
President
Mayor
Congress
Governor
11
A plan for raising and spending money.
mandatory
revenue
taxes
budget
12
Money spent on certain projects or programs.
Expenditures
Specific spending
Appropriations
Savings
13
Helps Congress prepare the budget.
OMB
CIA
CTSA
CBO
14
Total amount of money the government owes.
National Debt
Super debt
Appropriations
Budget Resolution
15
When government spending is greater than income.
Budget Resolution
Surplus
Deficit
Negative
16
A budget year is called?
Budget Year
Monetary Year
Fiscal Year
New Year
17
Money designated for spending.
Appropriations
Surplus
Budget
Expenditures