Question
1.In a short paragraph, define mandatory and discretionary spending. Then give at least one example of something that would be funded under mandatory spending and
1.In a short paragraph, define mandatory and discretionary spending. Then give at least one example of something that would be funded under mandatory spending and one example of something that would be funded under discretionary spending. Finally, tell who you think will benefit from mandatory spending and who may lose out.
2.In a short paragraph, list the 3 ways that government affects the economy. Then give one example for each of these 3 ways. Finally, give an example of what you think would happen to the economy if the government began to spend less money. (How would this affect the economy?)
3.In a short paragraph briefly explain how local governments collect revenues. Then, explain how local governments spend their revenues on their citizens. (Be specific and try to use examples) Finally, explain how local government influences your life today.
4.In a short paragraph, define deficit spending. Then, give an example of when the government will use deficit spending. What is a consequence of deficit spending?
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