What is the main source of government revenue?

Econs 15 July Chapter 12: Fiscal Policy Quiz

Quiz
•
Business
•
12th Grade
•
Easy
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Investment income
Repayment of government loans
Taxes collected
Sales of goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a budget surplus indicate?
Government spending equals revenue
Government spending exceeds revenue
Government is in debt
Government revenue exceeds spending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When does a contractionary fiscal policy get implemented?
When output increases
During a recession
When AD decreases
During inflationary situation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is happens to the policy if there is a Crowding-out effect in place?
Has no effect on the economy
Reduces the impact of fiscal policy
Increases the impact of fiscal policy
Stabilizes the economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of automatic stabilizers in the economy?
Increase fluctuations in AD
Reduce fluctuations in AD
Cause inflation
Lead to unemployment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Unemployment Compensation work during a recession?
Leads to inflation
Help increase spending a little more
Has no effect on the economy
Decreases spending
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the impact of Progressive Income Tax during economic expansion?
Increases taxes paid
Reduces taxes paid
Leads to recession
No impact on taxes
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