Econ Chapter 10 Voca
Help!
|
|
||||
|---|---|---|---|---|---|
| 12-month financial planning period that may not coincide with the calendar year | fiscal year
🗑
|
||||
| government pay to encourage or protect a certain economic activity | subsidy
🗑
|
||||
| per person basis; total divided by population | per capita
🗑
|
||||
| provision that new spending proposals or tax cuts must be offset by reductions elsewhere | pay as you go
🗑
|
||||
| transfer payment from one level of government to another that does no involve compensation | grant in aid
🗑
|
||||
| legislation authorizing spending for certain purposes | appropriations bill
🗑
|
||||
| special account used to hold revenues designated for a specific expenditure such as Social Security, Medicare, or highways | trust fund
🗑
|
||||
| annual plan outlining proposed expenditures and anticipated revenues | federal budget
🗑
|
||||
| that part of the economy made up of private individuals and businesses | private sector
🗑
|
||||
| program or benefit using established eligibility requirements to provide health, nutritional, or income supplements to individuals | entitlement
🗑
|
||||
| a negative balance after expenditures are subtracted from revenues | budget deficit
🗑
|
||||
| a line-item budget expenditure that circumvents normal budget procedures and benefits a small number of people or businesses | pork
🗑
|
||||
| federal spending authorized by law that continues without the need for annual approvals by Congress | mandatory
🗑
|
||||
| funds that one level of government transfers to another level for spending | intergovernmental expenditures
🗑
|
||||
| that part of the economy made up of local, state, and federal governments | public sector
🗑
|
||||
| s positive balance after expenditures are subtracted from revenues | budget surplus
🗑
|
||||
| payment for which the government receives neither goods nor services in return | transfer
🗑
|
||||
| limits on annual discretionary spending | spending cap
🗑
|
||||
| total amount borrowed from investors to finance the governments deficit spending | national debt
🗑
|
||||
| spending for federal programs that must receive annual authorization | discretionary
🗑
|
||||
| constitutional amendment requiring government to spend no more than it collects in taxes and other revenues, excluding borrowing | balanced budget amendment
🗑
|
||||
| higher than normal interest rates and diminished access to financial capital faced by private borrowers when they compete with government borrowing in financial markerts | crowding out effect
🗑
|
||||
| annual budget in which expenditures equal revenues | balanced budget
🗑
|
||||
| annual government spending in excess of taxes and other revenues | deficit spending
🗑
|
||||
| power to cancel specific budget item without rejecting the entire budget | line item veto
🗑
|
||||
| joint federal-sate medical insurance program for low-income people | medicaid
🗑
|
||||
| federal health-care program for senior citizens, regardless of income | social security
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
18grabpai
Popular Economics sets