ECONOMICS: Chapter 16 Questions – Government Spends, Collects, & Owes

											Name______________________
											Date_______________ Hour____
Ch. 16.1: Growth in Government
	
1. What historic events during the 20^th century caused government spending to increase? 

2. What event caused citizens to support programs to help those in need?

3. What level of government do most government employees work for?

4. Publicly used facilities built with public money by governments are known as ___________________________________.

5. This is a government program that provides health care for older Americans.

Ch. 16.2: Functions of Government

6. List several examples of public goods.

7. Why would some people oppose government assistance?

8. Side effects (often negative) of the production process are known as ____________________________________________.

9. Programs aimed at people who are poor or disabled are known as ______________________________________________.

10. Who might be helped by the government program known as Temporary Assistance to Needy Families?

11. What impact would longer life expectancies have on the Social Security system?

12. This is the government activity of taking income from some people through taxation and using it to help citizens in need.

13. This is the federal program that provides monthly payments to people who are retired or unable to work.

14. What is workers' compensation?

15. What is welfare?

16. This is a federal program that includes food stamps and payments to the aged, the blind and the disabled.

17. This is a state and federal public-assistance program that helps pay health care costs for low-income and disabled people.

18. Who might be helped by social-insurance programs?

Ch. 16.3: The Federal Budget & the National Debt

19. Where does the federal budget making process begin?

20. What is deficit spending?

21. What is a fiscal year?

22. How might a budget surplus occur?

23. This is the total amount of outstanding debt owed by the federal government.

24. This is the amount by which the government's spending exceeds its revenues.

Ch. 16.4: Taxation

25. This source of federal government revenue (type of tax) increased the most in the second half of the 20^th century.

26. This source of federal government revenue (type of tax) decreased the most in the second half of the 20^th century.

27. What is an excise tax? Give examples.

28. What is Tax Freedom Day?

29. This is the type of tax that takes a larger percentage of higher incomes than lower incomes.

30. This is the type of tax that takes a larger percentage of lower incomes than higher incomes.

31. This is the type of tax that takes the same percentage of all incomes.

32. This is a system of taxation in which people with higher incomes pay more taxes than those with lower incomes.

33. This is the system of taxation where people who use a particular government service support it with taxes in proportion to
    the benefit they receive.

34. List several examples of proportional, progressive and regressive taxes.

35. Property taxes, which are based on the value of the property or home, are an example of this type of tax.