2. $100
$100
$100
$100
$100
$200
$200
$200
$200
$200
$300
$300
$300
$300
$300
$400
$400
$400
$400
$400
$500
$500
$500
$500
$500

3. Types/Impact of Govt. Spending

4. Federal Expenditures

5. State & Local Expenditures

6. Deficit/Surplus/ Debt

7. Vocabulary

8. Types/Impact of Govt. Spending
Federal
Expenditures
State & Local
Expenditures
Deficit/Surplus/
Debt
Vocabulary $
$100
$100
$100
$100
$100
$200
$200
$200
$200
$200
$300
$300
$300
$300
$300
$400
$400
$400
$400
$400
$500
$500
$500
$500
$500

9. Part of the economy made up of federal, state and local governments.

10. A line item budget expenditure that circumvents normal
budget-building procedures.

11. Government payment to encourage or protect a certain economic activity

12. C 1 - $400
Way in which the nations income is divided among families, individuals or other designated groups

13. A transfer payment that one level of government makes
C 1 - $500
A transfer payment that one level of government makes
to another that does not
involve compensation

14. C 2 - $100
National defense is
an example of this
type of spending

15. This is the largest category of Federal Expenditures

16. program for senior citizens, regardless of income
federal health-care
program for senior citizens, regardless of income

17. Joint federal-state medical insurance program for
low-income people

18. Legislation authorizing spending for certain purposes

19. This is the largest category of state spending

20. This is the largest spending category of most local governments

21. C 3 - $300
This level of government is responsible for public utilities such as sewerage and water

22. This level of government is responsible for police and fire protection

23. C 3 - $500
A state level constitutional provision requiring that annual spending not exceed revenues

24. This attempted to trim $500 billion from
C 4 - $100
This attempted to trim $500 billion from
the deficit
over 5 years

25. C 4 - $200
Legislation intended
to establish a
balanced budget

26. The “pay-as-you-go” provision was a feature of which legislation?

27. All levels of government combined consume how much
of GDP?

28. C 4 - $500
This was an attempt to cancel specific budget items without rejecting the entire budget

29. Payment for which the government receives neither goods nor services

30. Spending in excess of revenues collected

31. made up of individuals and privately
C 5 - $300
Part of the economy
made up of individuals and privately
owned businesses

32. eligibility requirements
C 5 - $400
Social programs that provide services or income to all individuals who meet
eligibility requirements

33. Federal spending authorized by law that continues without the
need for annual approvals
by Congress

34. C 1 A - $100
Public Sector $

35. C 1 A - $200
Pork $

36. C 1 A - $300
Subsidy $

37. Distribution of Income
C 1 A - $400
Distribution of Income $

38. C 1 A - $500
Grant-in-aid $

39. C 2 A - $100
Discretionary
Spending $

40. C 2 A - $200
Social Security $

41. C 2 A - $300
Medicare $

42. C 2 A - $400
Medicaid $

43. C 2 A - $500
Appropriations Bill $

44. Intergovernmental Expenditures
C 3 A - $100
Intergovernmental Expenditures $

45. Elementary and Secondary Education$

46. C 3 A - $300
Local Governments $

47. C 3 A - $400
Local Governments $

48. C 3 A - $500
Balanced Budget
Amendment $

49. Omnibus Budget Reconciliation Act
C 4 A - $100
Omnibus Budget Reconciliation Act
                                              $

50. Gramm-Rudman-Hollings Bill (GRH)
C 4 A - $200
Gramm-Rudman-Hollings Bill (GRH) $

51. Budget Enforcement Act (BEA)
C 4 A - $300
Budget Enforcement Act (BEA) $

52. (Gross Domestic Product)
C 4 A - $400
1/3 of GDP
(Gross Domestic Product) $

53. C 4 A - $500
Line-item veto $

54. C 5 A - $100
Transfer Payment $

55. C 5 A - $200
Deficit Spending $

56. C 5 A - $300
Private Sector $

57. C 5 A - $400
Entitlements $

58. C 5 A - $500
Mandatory
Spending $

60. Impact of the National Debt
FJ Topic
Impact of the National Debt $

61. FJ Question
Higher-than-normal interest rates and diminished access to financial capital faced by private borrowers when they compete with government borrowing in financial markets $

62. FJ Ans
Crowding-out effect $

63. END OF GAME