Federal Budget

Question 1

Which statements correctly describe the federal budget process? Choose three correct answers.Congress debates and approves the official budget.Congress cannot override the president’s decision.Each department approves its final budget.New budgets are approved once every five years.The president submits a budget proposal.The president can approve or veto the budget.

Revolt · Accepted Answer

Congress debates and approves the official budget.; The president submits a budget proposal.; The president can approve or veto the budget.

Question 2

The 2001 federal budget can be described as a

Revolt · Accepted Answer

budget surplus.

Question 3

This graph shows how the federal government has

Revolt · Accepted Answer

increased its debt to cover spending.

Question 4

How do taxes affect the economy?

Revolt · Accepted Answer

People pay money to the government, which uses it to pay for programs.

Question 5

Which statements best describe the Medicare program? Choose two correct answers.prepares children for schoolpaid for with a separate payroll taxprovides government bonds to hospitalsprovides health insurance to millions of people contributed to the budget surplus

Revolt · Accepted Answer

paid for with a separate payroll tax; provides health insurance to millions of people

Federal Budget Answers

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