Budget Deficits Quiz 1 (11 MCQs)

Quiz Instructions:

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1. When legislators trade votes on legislation

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

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

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

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

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

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

8. Primary Deficit =

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

10. Gov't spending that exceeds revenues

11. Budget deficit is also known as