Oklahoma Studies Weekly Week 30

In a responsible budget, the amount of money going out is ______________.

• twice as much as you need

• spent on things you want

• equal to or less than what is coming in

• spent a whole year in advance

What do you look at first when creating a responsible budget?

• how to meet your saving goal

• how to get your wishes and wants

• how to plan for a vacation

• how much money is coming in

What is a budget?

• a plan to manage money to pay for your needs and wants

• a plan to make sure you spend equally on every item you buy

• a plan to share money with the rest of your family

• a plan to make sure all of your money is spent each month

What is a surplus of state money called?

• cloudy day fund

• rainy day fund

• foggy day fund

• climate change fund

What is another word for the state's money?

• surplus

• revenue

• deficit

• expenses

What is a balanced budget?

• amount of money coming in is equal to the amount of money going out

• amount of money coming in is less than the amount of money going out

• amount of money coming in is more than the amount of money going out

• amount of money that is measured using a balanced scale

Which sector of Oklahoma’s economy is directly related to the use of natural resources?

• military

• oil and natural gas

• tourism

• aerospace

What does the blue flame on the map represent?

• natural gas production

• forest fires in Oklahoma

• warmest temperatures in the state

• campgrounds in the state

How much of America's natural gas is produced in Oklahoma?

• 75 percent

• 25 percent

• 15 percent

• 9 percent

What did Governor Williams do to save money when the capitol was built?

• He ordered the dome to be left off to save money.

• He hired skilled masons to do the stonework.

• He used recycled lumber to build the building.

• He and his wife helped build the capital building.