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  • Worksheet Ch04 Government II

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    Katherine Sauer
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    If taxes arenPt increased, how much of the discretionary budget would have to be cut in order to balance the budget? in the 2012 budget proposal, the US governmentPs tax revenues are estimated to be $2.627 trillion. The biggest chunk of discretionary spending goes toward: mandatory spending cannot be changed without changing many existing laws.

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    If taxes arenPt increased, how much of the discretionary budget would have to be cut in order to balance the budget? in the 2012 budget proposal, the US governmentPs tax revenues are estimated to be $2.627 trillion. The biggest chunk of discretionary spending goes toward: mandatory spending cannot be changed without changing many existing laws.

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    Отметить как неприемлемый контент
    60 просмотров2 страницы

    Worksheet Ch04 Government II

    Загружено:

    Katherine Sauer
    If taxes arenPt increased, how much of the discretionary budget would have to be cut in order to balance the budget? in the 2012 budget proposal, the US governmentPs tax revenues are estimated to be $2.627 trillion. The biggest chunk of discretionary spending goes toward: mandatory spending cannot be changed without changing many existing laws.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате DOCX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 2

    Name__________________________________________________

    Economics Dr. Sauer

    Ch 4: Government II worksheet 1. The following graphic illustrates the US government budget for 2011.

    The three main sources of government tax revenue are: Discretionary spending can be changed each year according to spending priorities. The biggest chunk of discretionary spending goes toward: Mandatory spending cannot be changed without changing many existing laws. The 4 main categories of mandatory spending are: Paying interest on the debt is technically not mandatory, however, if we didnt pay it as a nation we would be defaulting on our debt. If taxes arent increased, how much of the discretionary budget would have to be cut in order to balance the budget?

    2. The President has released his 2012 Budget proposal. In it, the US governments tax revenues are estimated to be $2.627 trillion and government spending is estimated to be $3.729 trillion. Calculate the 2012 estimated budget deficit or surplus. Explain what your answer means.

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