Exam 24: A-Financial-Overview-Of-The-US

In the United States,the payroll tax is also called a

The typical state spends the most on

As government debt increases,

In 2011,the federal government spent 9 percent of the budget on net interest.Which of the following statements regarding net interest is correct?

Which of the following contributes to the projected rise in government spending on Social Security and Medicare as a percentage of GDP?

The largest budgetary expense for a typical state or local government is

Which of the following are taxed?

As the economy's income has grown,the government has

From 2009 to 2012,the federal budget deficits were the largest budget shortfalls since World War II.The primary reason for the record-large deficits was

All of the following are transfer payments except

Medicare is the

In 2015,the federal government collected $3.25 trillion dollars in tax revenues and spent $3.69 trillion dollars.This means:

Suppose that in 2020 the average citizen's federal tax bill is $9,372,and total federal spending is $10,824 per person.In 2020,the federal government will have

For state and local governments,in 2011,education accounted for approximately what percentage of spending?

Suppose that in 2020 the average citizen's federal tax bill is $14,888 per person,and total federal spending is $13,997 per person.In 2020,the federal government will have

The U.S.federal government finances budget deficits by

In 2011,approximately how much of federal government spending went to income security?

Which of the following is an example of a payroll tax?

If New York City imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup,it would

Federal government spending on Social Security,Medicare,and Medicaid as a percentage of GDP rose from