What is the primary source of revenue for the government?

Understanding Government Budgets and Economic Policies

Interactive Video
•
Economics, Government, Finance, Social Studies
•
9th - 12th Grade
•
Hard

Aiden Montgomery
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Loans from foreign countries
Taxes
Sales of government assets
Donations from citizens
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a deficit and debt?
Deficit is the total money owed, debt is the yearly shortfall
Deficit is the money borrowed from foreign countries, debt is the money borrowed from citizens
Deficit is the yearly shortfall, debt is the total money owed
Deficit is the money spent on military, debt is the money spent on social programs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might the government choose to borrow money instead of raising taxes?
Raising taxes increases economic activity
Borrowing does not affect the national debt
Borrowing is more popular among voters
Raising taxes is easier than borrowing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does the Federal Reserve play in economic policy?
It drafts the federal budget
It sets tax rates
It manages the supply of currency
It controls fiscal policy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the multiplier effect in economic stimulus?
The increase in government debt due to borrowing
The reduction in taxes to boost spending
The increase in economic activity from government spending
The decrease in unemployment due to austerity measures
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of austerity measures?
To stimulate economic growth
To balance the budget by reducing deficits
To lower interest rates
To increase government spending
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a common outcome for countries that embraced austerity?
Stifled economic activity and increased unemployment
Increased tax revenue
Decreased unemployment
Increased economic activity
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