Question
1.Only bad results can come from foreign nationals and foreign governments buying U. S. Government Debt. False True 2.47% of the American population pay no
1.Only bad results can come from foreign nationals and foreign governments buying U. S. Government Debt.
- False
- True
2.47% of the American population pay no income taxes at all.
- False
- True
3.Expansionary Fiscal Policy involves increasing taxation and decreasing government spending.
- False
- True
4.Since 1998 Social Security and Medicare outlays are part of the main federal budget, as are their revenues.
- False
- True
5.The Time delay associated with government's decision of what to about an economic problem (such as recession) is call Administrative Lag.
- False
- True
6.Mandatory Outlays are the expenses of government which cannot be altered.
- False
- True
7.The Largest source of Federal Revenues are corporate income taxes.
- False
- True
8.The time delay associated with government realizing that a problem (such as a recession) exists is call the Recognition Lag.
- False
- True
9.Payroll Taxes (FICA and FUTA) are paid only by employers.
- False
- True
10.Historically income tax rates have been on the rise for decades..
- False
- True
11.In Kind Transfers are payments given, not in the form of money.
- False
- True
12.Transfer payments are cash payments usually to reduce effects of poverty.
- False
- True
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