Budget Deficits Quiz 1 (11 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. When legislators trade votes on legislation

Correct Answer: C) Log-rolling.

2. Which of the following will increase the national debt?

Correct Answer: A) A budget deficit.

3. Legislation that bundles together a number of projects each benefiting local interest at the expense of taxpayers or consumers

Correct Answer: C) Pork-Barrel.

4. FISCAL DEFICIT=? when, BE=Budget Expenditure, BR=Budget Receipts

Correct Answer: D) NONE OF THE ABOVE.

5. Revenue expenditure=? when, RE=REVENUE EXPENDITURERR=REVENUE RECEIPT

Correct Answer: D) RE-RR.

6. The cumulative effect of all past budget deficits and surpluses of the federal gov't

Correct Answer: A) Debt.

7. Which of the following are the types of budget deficit

Correct Answer: B) Primary, Fiscal and Revenue.

8. Primary Deficit =

Correct Answer: B) Fiscal deficit-Interest payment.

9. ..... is an issue that benefits a small group at the expense of taxpayers or consumers

Correct Answer: D) Special-Interest.

10. Gov't spending that exceeds revenues

Correct Answer: B) Budget Deficit.

11. Budget deficit is also known as

Correct Answer: C) Government deficit.