When compared to national defense expenditures, human resources expenditures _____. a. declined substantially during the 1980s b. have remain stable since the 1950s c. are a smaller percentage of GDP d. have increased substantially since the mid 1960s ANSWER d
Date: September 9th, 2020
The difference between government receipts and government expenditures is called a _____. a. loss b. shortfall c. deficit d. debt ANSWER c
Date: September 9th, 2020
In 2003, the federal budget deficit was about _____ percent of gross domestic product. a. three b. zero c. seven d. ten ANSWER a
Date: September 9th, 2020
As a percentage of total federal revenues the corporate income tax has _____. a. increased since 1960 b. declined since 1960 c. fallen during the 1980s, but risen since 1992 d. remained fairly constant since 1960 ANSWER b
Date: September 9th, 2020
As a percentage of total federal revenues, the individual income tax has _____. a. increased substantially since 1960 b. declined substantially since 1960 c. increased slightly since 1960 d. declined slightly since 1960 ANSWER c
Date: September 9th, 2020
Social insurance revenues _____ come from _____. a. primarily; Social Security payroll taxes b. primarily, Medicare taxes c. primarily; Social Security payroll taxes and Medicare taxes d. do not; Social Security payroll taxes ANSWER a
Date: September 9th, 2020
As a percentage of total federal revenue, excise taxes have _____. a. risen slightly since 1960 b. remained constant since 1960 c. risen considerably since 1960 d. fallen since 1960 ANSWER d
Date: September 9th, 2020
The bulk of federal budget receipts come from ______. a. individual income taxes b. social insurance revenues c. corporation income taxes d. excise taxes ANSWER a
Date: September 9th, 2020
Federal government expenditures in the United States comprise about _____ of total government expenditures. a. 90 percent b. 75 percent c. 60 percent d. 45 percent ANSWER c
Date: September 9th, 2020
In 1902, total government expenditures at all levels of government were around _____. a. 10 percent of GDP b. 20 percent of GDP c. 30 percent of GDP d. 40 percent of GDP ANSWER a
Date: September 9th, 2020
