Fiscal Policy Quizzes, Questions & Answers

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Taxation Policy Quizzes

On April 17, 2012, your 2011 federal income tax return was due to the IRS. Where did the federal government spend those tax dollars? The following questions ask how Congress and t...

Questions: 7 | Attempts: 283 | Last updated: Mar 15, 2025

Sample Question
Which, of the following, does the U.S. Government spend the most of your tax dollars on?

Interest on Debt

Military

Medicare & Health

Education

Test 2 - Indian Economy

Explore key aspects of Indian Economy with 'Test 2 - Indian Economy'. Dive into concepts like CENVAT, consumer surplus in tax policy, and notable economic reforms including VDIS an...

Questions: 5 | Attempts: 46 | Last updated: Apr 20, 2025

Sample Question
Which of the following is associated with CENVAT?

Gift tax

Wealth Tax

Income Tax

Indirect Tax

Unit 4 Governance and Civic Engagement Quiz

Explore key concepts in taxation and economics from chapter 4 through this focused assessment. Enhance your understanding of essential financial terms and their applications, cruci...

Questions: 15 | Attempts: 10 | Last updated: Aug 04, 2025

Sample Question
What is the role of a Governor?

Judge - A public official appointed or elected to preside over legal proceedings and make decisions based on the law.

President - The elected leader of a country, responsible for executing laws, managing foreign affairs, and serving as the head of state.

MayorThe elected leader of a municipal government, with powers varying widely from city-to-city. Mayors of some cities may act as a simple speaker of the house-esque figure to the city council, while others may have much more formal power.

Senator - Member of the legislative body responsible for representing a state at the federal level, proposing and voting on laws and policies.

All Taxation Policy Quizzes

Budget Balance Quizzes

Trivia Quiz On Balanced Budget

Welcome to the trivia quiz on a balanced budget. When it comes to managing one's finances, it is important to have a basic budget where you have an estimate of how much expense...

Questions: 253 | Attempts: 789 | Last updated: Mar 21, 2025

Sample Question
A balanced budget occurs when

The national debt is reduced to zero dollars.

A budget deficit during one year is matched by a budget surplus in the next year.

Transfer payments equal tax revenues.

Government expenditures equal tax revenues.

Macroeconomics Quiz 212: GDP and Inflation

Macroeconomics 212 explores the dynamics of government budgets and their impact on loanable funds, investment, and international borrowing and lending. This quiz assesses understan...

Questions: 13 | Attempts: 459 | Last updated: Mar 20, 2025

Sample Question
A decrease in the government budget deficit decreases the ________ loanable funds and an increase in the government budget surplus increases the ________ loanable funds.

Demand for; demand for

Demand for; supply of

Supply of; demand for

Supply of; supply of

All Budget Balance Quizzes

Public Debt Quizzes

Gross domestic product quiz questions

Explore the intricacies of government spending, debt, and economic growth with the Gross Domestic Product quiz. Assess your understanding of fiscal policies, their impact on the ec...

Questions: 37 | Attempts: 262 | Last updated: Mar 21, 2025

Sample Question
The financial crisis of 2008 led to massive federal spending in an effort to stimulate the economy. The combination of the new federal spending and the automatic stabilizers led to

The largest budget deficit since World War II.

The highest rate of inflation since the Great Depression.

A higher government debt-to-GDP ratio than at any time in American history.

A deficit that is expected to remain permanently at ten percent or more of GDP.

United States Debt Quiz

There has been much talk and debate about the debt ceiling, the federal deficit, etc. Test your smarts about this sensitive issue with our on-line quiz!

Questions: 13 | Attempts: 125 | Last updated: Apr 22, 2025

Sample Question
What does the term "debt ceiling" really mean?

The ceiling of the White House

The maximum borrowing power of a governmental entity.

The line of credit for a home equity loan

All Public Debt Quizzes

Top Trending Fiscal Policy Quizzes

Questions On Monetary And Fiscal Policy! Macroeconomics Trivia Quiz

Dive into the intricacies of monetary and fiscal policies with our Macroeconomics Trivia Quiz! Test your understanding of interest rates, money supply, and investment impacts through true\/false questions designed to enhance your...

Questions: 34 | Attempts: 491 | Last updated: Mar 22, 2025

Sample Question
An increase in the interest rate increases the quantity demanded of money because it increases the rate of return on money.

True

False

The Reagan Revolution: A Quiz on Reaganomics

The Reagan Revolution: A Quiz On Reaganomics

Reaganomics, also known as supply-side economics, was an economic policy associated with President Ronald Reagan during the 1980s. This quiz aims to test your knowledge about the key principles and outcomes of Reaganomics. The...

Questions: 15 | Attempts: 141 | Last updated: Jul 22, 2025

Sample Question
What economic policy was associated with President Ronald Reagan?

Supply-side economics

Demand-side economics

Monetary economics

Keynesian economics

Macroeconomics Exam! MCQ Trivia

This Macroeconomics Exam! MCQ Trivia assesses key concepts such as fiscal policies, government spending, and social insurance programs. It is designed to test the understanding of macroeconomic principles, helping learners gauge...

Questions: 40 | Attempts: 574 | Last updated: Oct 16, 2025

Sample Question
Discretionary fiscal policy is

The use of interest rate changes to affect aggregate demand.

The use of interest rate changes to affect aggregate supply.

The use of government spending or tax policy to manage aggregate demand.

The use of government spending or tax policy to manage aggregate supply.

Economics Ps 8

Economics PS 8 is a focused quiz assessing understanding of the IS-LM model in macroeconomics. It examines the effects of monetary and fiscal policy changes on interest rates, output, and investment, crucial for students of...

Questions: 20 | Attempts: 491 | Last updated: Mar 21, 2025

Sample Question
In the IS-LM analysis, the increase in income resulting from a tax cut is usually ______ the increase in income resulting from an equal rise in government spending.

Less than

Greater than

Equal to

Sometimes less and sometimes greater than

Recent Fiscal Policy Quizzes

Macroeconomics Essentials Assessment

Explore the fundamentals of macroeconomics with this focused assessment. It covers essential concepts and definitions, helping learners understand economic indicators, fiscal policies, and market dynamics. Ideal for students...

Questions: 28 | Attempts: 10 | Last updated: Aug 4, 2025

Sample Question
What is the relationship between needs, wants, and scarcity in economics?

Limited. Society has just enough resources to meet its needs but not its wants.

Abundant. Society has unlimited resources to produce and satisfy all its needs and wants.

Scarce. The desire of society (individual consumers, government, business) to obtain and use goods and services is unlimited and the objective of all economic activity is to satisfy these material wants. The problem lies in the fact that economic resources (land, capital, labor, enterprise) are limited or scarce and therefore society will not be able to produce and consume all the goods and services it wants. Economics, then, is the science of efficiency; concerned with allocating these scarce resources so as to achieve maximum fulfillment of our material wants.

Unlimited. Society can produce and consume all the goods and services it desires without any constraints.

Fiscal Policy, The Fed And Monetary Policy

Fiscal Policy, The Fed and Monetary Policy

Explore the intricacies of fiscal and monetary policies with this engaging quiz. Covering topics from contractionary fiscal policy to government borrowing, this quiz assesses understanding of economic tools used to influence...

Questions: 20 | Attempts: 559 | Last updated: Mar 21, 2025

Sample Question
What term is used for a government plan to reduce aggregate demand and slow the economy?

Contractionary fiscal policy

Discretionary fiscal policy

Expansionary fiscal policy

Stabilizing fiscal policy

Eco Quz 2 2012

Eco Quiz 2 2012 focuses on India's economic performance and policies in 2011-12, assessing knowledge on fiscal deficit, dairy development, bank rates, inflation, and GDP growth projections. It is designed for learners interested...

Questions: 30 | Attempts: 621 | Last updated: Mar 21, 2025

Sample Question
As per the data released by the Controller General of Accounts on 29 February 2012, fiscal deficit was 105 per cent of the total annual target in the April-January period of 2011-12. What did the deficit stand at?

Rs 4 lakh crore

Rs 3.33 lakh crore

Rs 5.21 lakh crore

Rs 4.34 lakh crore

Test 3 Econ

Test 3 Econ focuses on key economic concepts such as recessionary gaps, tax impacts, and aggregate demand shifts. It assesses understanding of Keynesian policies, crowding out, and fiscal interventions, crucial for students...

Questions: 145 | Attempts: 457 | Last updated: Mar 21, 2025

Sample Question
94. Both Jones and Smith agree that the economy is in a recessionary gap. Jones proposes a tax cut. Smith couldn't agree more. Jones says that lower taxes will result in higher Real GDP. Again, Smith couldn't agree more. It follows that

Both Jones and Smith believe that lower taxes will raise aggregate demand, but not aggregate supply.

Both Jones and Smith believe that lower taxes will raise aggregate supply, but not aggregate demand.

One person believes lower taxes will raise Real GDP by increasing aggregate demand and the other person believes lower taxes will raise Real GDP by increasing aggregate supply.

Both Jones and Smith believe that lower taxes will raise Real GDP by increasing both aggregate demand and aggregate supply.

C or d

Trivia Questions On Indian Economy! Quiz

Trivia Questions on Indian Economy! Quiz

The Indian Economy Quiz offers a fascinating exploration into the economic landscape of India. Through a series of questions, participants can delve into various aspects, including GDP, fiscal policies, trade dynamics, and...

Questions: 10 | Attempts: 812 | Last updated: Feb 12, 2025

Sample Question
If interest payment is deducted from the fiscal deficit, then the balance is _________________.

Primary deficit

Budgetary deficit

Revenue deficit

Monetary deficit