Matching Exercise Match the Concepts in the Left-Hand Column to Their Counterparts

Multiple Choice

Matching Exercise
Match the concepts in the left-hand column to their counterparts in the right-hand column.
-Objects of expenditure

A) A tax where the ratio of tax to income increases as a taxpayer's income rises.
B) Numeric codes used by governments to classify expenditures by categories.
C) A selective sales tax imposed on certain items, in part, to regulate consumption.
D) A type of budgeting where a program's continued existence is not assumed and all expenditures, not just new ones, must be justified every year.
E) A type of budgeting that reports the items to be purchased by a government, and the amount of money that will be spent on each item.
F) A charge for a service that is levied by government.
G) A type of budgeting that combines output and cost data from programs to show if they are being efficiently operated.
H) A mechanism that reduces the regressivity of property tax by exempting low-income groups from some portion of their property taxes.
I) Long-term debt that is guaranteed by the entire revenue capacity of the issuing government.
J) Long-term debt in which the principal and interest are paid off using the revenues generated by the facility built with the funds from the bond.