Mandatory spending refers to programs in the U.S. federal budget that:A.must receive a certain level of funding by law.B.can only be funded in periods of economic recession.C.have funding levels controlled by Congress.D.are funded by states rather than the federal government.

Discretionary spending refers to programs in the U.S. federal budget that:A.are funded by states rather than the federal government.B.can only be funded in periods of economic recession.C.have funding levels controlled by Congress.D.must receive a certain level of funding by law.SUBMITarrow_backPREVIOUS

Discretionary spending is government spending that:A.is not approved by Congress.B.is not required by law.C.uses up a surplus.D.creates a deficit.SUBMITarrow_backPREVIOUS

If a government spends less money than it brings in through taxes in one year, that government has a _____.A.mandatory budgetB.budget surplusC.budget deficitD.discretionary budget

Using the expenditure approach, government expenditures includeQuestion 3AnswerSelect one:a.only state and local government expenditures.b.defense and nondefense federal, state, and local government expenditures.c.residential investment and state and local government expenditures.d.federal government expenditures and transfer payments.e.only nondefense federal government expenditures.

Governments create budget deficits when they:A.refuse to pay for mandatory spending programs.B.spend more money than they take in through taxes.C.increase taxation without increasing spending.D.cannot agree on a spending bill that creates a federal budget.