Which federal budget category’s portion of total government outlays has decreased since 1960?
a food stamps
b defense
c Medicaid
d Medicare
e Social Security
Ans) the correct option is B) defense
Since 1960, the expenditure of government in defense has decreased
Which federal budget category’s portion of total government outlays has decreased since 1960? a food stamps...
Which of the following policies would dramatically and permanently reduce government outlays? Choose one or more: A. reducing the number of people eligible for Medicare and Medicaid by half B. reducing the number of overseas military bases C. lowering wages for workers involved in all government construction projects D. means-testing Social Security E. lowering Medicare and Social Security taxes
Please rank five programs in terms of their share of the annual U.S. Federal Budget. Then, answer the question. Highest % defense Medicare Medicaid Social Security unemployment insurance Lowest % Of the programs provided, spending on which program expected to increase most over the next several decades? interest on the national debt unemployment insurance defense Medicare
There are a lot of ways to slice up the U.S. budget. With this
in mind, which of the following statements are true, based on the
illustration below and then answer the following:
1. Most of the federal budget is
spent on welfare and foreign aid.
2. The budget for the next year
increased by 20%, what would be the allocation for Medicaid if the
increase of 20 percent was applied uniformly and equally among all
the sections stated.
3. ...
Which of the following statements about Medicare and Social Security are false? Choose one or more: A. Medicare and Social Security represent about 10% of total federal government spending. B. Medicare is a program that provides health care to the poor and to the elderly. C. Medicare and Social Security are mandatory outlays. D. Social Security and Medicare are social insurance programs. E. Spending on Medicare and Social Security has increased dramatically as the population has gotten older.
Which of the following Federal Government budget items is classified as Discretionary Spending? Social Security Benefits National Defense Maintaining interstate highways more than one of these answers are correct Net Interest
Since 1990, in how many years has the U.S. government had a
budget surplus?
Choose one:
A. 0
B. 3
C. 4
D. 18
The Federal Budget Deficit The U.S. federal government has run a budget deficit for almost the entire past hal-century. The graph below plots federal revenue against outlays as a percentage of GDP, a measurement that stays consistent as the size of the economy changes. Note that the deficit is particularly Ukely to increase during recessions, as...
Which of the following is true of the federal budget? a. The federal budget is a plan that describes a government’s fiscal policy for the current financial year. b. The federal budget is a plan that describes the president’s take on the economy. c. The federal budget is a plan for federal government outlays and revenues for a specified period, usually a year. d. The federal budget is a plan that describes the eligibility criteria of the major entitlement programs...
When tax revenues equal government outlays, the situation is referred to as A. a balanced budget. B. an equivalent budget. C. an equal budget. D. an equilibrium budget. E. a legal budget.
1) During an expansion, automatic stabilizers cause the federal deficit to a) remain unchanged. b) either increase or decrease. c) increase. d) decrease. 2) An example of an automatic stabilizer is a) changing the tax laws to increase the marginal tax rates. b) the food stamp program. c) the indexation of social security benefits to the consumer price index. d) the interest the government pays on loans. 3) Which of the following is a correct sequence of events during a...
True or False
1. Public goods are provided by the government or not at all. The second largest source of tax revenue for the federal government is social insurance taxes (Social Security and Medicare taxes). Other things equal, an economy's marginal willingness to pay for a non-rival good is likely to be higher the larger the population. Spending on the social security program is not included in the unified budget because it is “off-budget." Market failure cannot occur if non-rival...