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study material for Economics CH 10 Vocab - Ponder

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show how income is allocated among individuals, families, and other groups in the economy  
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show act of Congress that authorizes federal agencies to spend money  
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show situation in which federal spending exceeds revenue  
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public sector   show
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intergovernmental expenditures   show
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show federal programs that must receive annual authorization by Congress  
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line-item veto   show
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crowding-out effect   show
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spending cap   show
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show total amount the government borrowed from investors to finance deficit spending  
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show that part of the economy made up of individuals and privately owned businesses  
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fiscal year   show
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show per person  
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entitlement   show
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show budget in which spending equals revenues  
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Created by: breckart2
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