The graph shows the federal budget from 1980 to 2010.In which period did the federal budget show the greatest deficit?
  • 2000 to 2010
  • one quarter of GDP.
  • government spending to strengthen the economy
  • take on debt
Which aspects of economic growth is the president addressing in this passage? Select all that apply.
  • to measure the deficit as a percentage of the economy or GDP
  • government spending to strengthen the economy
  • - ways to inject capital into the economy.- ways to encourage increased productivity.- ways to decrease unemployment.
  • - a government's budget deficit causes debt to increase.- debt requires a government to pay back more than it has borrowed.- the deficit is the amount a government spends above what it brings in.
What is the purpose of the president's statement? When I took office 3 years ago, my Administration was left an annual deficit of $1.3 trillion, or 9.2 percent of GDP, and a projected 10-year deficit of more than $8 trillion. . . .Together with the deficit reduction I signed into law this past year, this [new] Budget will cut the deficit by $4 trillion. - President Barack Obama, 2012 Budget Message of the President
  • deciding what will be funded and what will be cut
  • deciding how to manage the government's tax revenue and expenditures
  • to measure the deficit as a percentage of the economy or GDP
  • to show how changes in fiscal policy can affect the economy
Which statements accurately describe debts and deficits? Check all that apply.
  • government spending to strengthen the economy
  • discretionary
  • - ways to inject capital into the economy.- ways to encourage increased productivity.- ways to decrease unemployment.
  • - a government's budget deficit causes debt to increase.- debt requires a government to pay back more than it has borrowed.- the deficit is the amount a government spends above what it brings in.
In this statement, which type of spending is President Obama referring to?
  • take on debt
  • deciding what will be funded and what will be cut
  • discretionary
  • shows a surplus.
What does deficit spending require a government to do?
  • take on debt
  • deciding what will be funded and what will be cut
  • to measure the deficit as a percentage of the economy or GDP
  • shows a surplus.
Spending that is required by law is known as _________ spending.
  • discretionary
  • take on debt
  • mandatory
  • shows a surplus.
What does it mean to make "difficult choices" when creating a federal budget?
  • government spending to strengthen the economy
  • to measure the deficit as a percentage of the economy or GDP
  • deciding what will be funded and what will be cut
  • deciding how to manage the government's tax revenue and expenditures
What is the main goal in creating the federal budget?
  • deciding how to manage the government's tax revenue and expenditures
  • to measure the deficit as a percentage of the economy or GDP
  • deciding what will be funded and what will be cut
  • to show how changes in fiscal policy can affect the economy
The graph shows government spending as a percentage of GDP from 1990 to 2012.At its peak, government spending made up about
  • government spending to strengthen the economy
  • to measure the deficit as a percentage of the economy or GDP
  • one quarter of GDP.
  • shows a surplus.
0:0:1



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