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Virtual AR-Module 11 Review
Test Description: Fiscal Policy
Instructions: Answer all questions to get your test result.
1) Fiscal policy helps monitor what?
A
taxes
B
our money
C
choices our government makes
2) Taxes placed on an individual's income are called _________.
A
excise taxes
B
income taxes
C
property taxes
3) Tax Brackets are charts used to determine the percentage of taxes owed by the individual based on income.
A
False
B
True
4) Taxes placed on imported goods are called?
A
Tariffs
B
excise taxes
C
gift taxes
D
property taxes
5) Tax ___________ aides the government in providing services list roads, education, etc.
A
amounts
B
revenue
C
brackets
6) 3 Types of tax structures are:
A
regressive, excise, and gift taxes
B
personal, property, and progressive
C
progressive, proportional, and regressive
7) True or False: Mandatory spending by the government is not required by law.
A
True
B
False
8) The choice to spend the money from the budget is called what?
A
discretionary spending
B
mandatory spending
9) The US national debt is money that is owed to the different countries.
A
True
B
False
10) Education, roads, and public safety are the only budget categories for state budgets.
A
True
B
False
*select an answer for all questions
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