Fiscal Policy Review Pt 3: Question Preview (ID: 27196)

Below is a preview of the questions contained within the game titled FISCAL POLICY REVIEW PT 3: Continuation Of Fiscal Policy Pt 1 And 2 .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]

Play games to reveal the correct answers. Click here to play a game and get the answers.

What is it called when GDP is down for 2 consecutive quarters (6 months)?
a) stagflation
b) expansion
c) trough
d) recession

Why is GDP important?
a) it measures inflation
b) it measures economic growth
c) it measures unemployment
d) it measures retail sales

Which tax is levied on a specific product like gas?
a) estate tax
b) excise tax
c) corporate income tax
d) payroll tax

Where do states get most of their intergovernmental revenue fund from?
a) other state governments
b) local governments
c) taxes
d) the federal government

What do state governments spend the most on?
a) local governments
b) the federal government
c) welfare
d) higher education

What is the main purpose of a sin tax?
a) revenue generation
b) behavior adjustment
c) income distribution
d) resource allocation

Which of the following is the single largest source of federal revenue?
a) corporate income tax
b) FICA taxes
c) Individual income tax
d) estate taxes

Which of the following groups does supply-side policy target through stimulation?
a) consumers
b) workers
c) government
d) producers

What does incidence of tax mean?
a) tax
b) spending
c) burden
d) balance

If a good is inelastic it easier to shift the incidence to the ___________________
a) employee
b) stockholder
c) consumer
d) tax payer

Play Games with the Questions above at
To play games using the questions from the data set above, visit and enter game ID number: 27196 in the upper right hand corner at or simply click on the link above this text.

Log In
| Sign Up / Register