Eastern Washington University Public Budgeting Systems Questions
Question Description
Textbook: https://nam10.safelinks.protection.outlook.com/?ur…
Questions:
Chapter 3:Government, the Economy, and Economic Development
- What is the economic policy of the federal, state, and local governments in the United States?
- What are the main tools used to influence macroeconomic policy?
- What are the effects of deficits/surpluses on the U.S. economy?
- What is the significance of Revenues = Expenditures?
- What have been the responses of fiscal and monetary policy to the current pandemic in the United States and the USVI?
Chapter 4: Budget Cycle
- What are the four (4) phases of the budget cycle?
- What is the role of the executive and legislative branches of government in each phase of the budget cycle?
Chapters 5 & 6: Budgeting for Revenues
- What are the major revenue sources used by federal, state, and local governments in the United States and the USVI?
- How do you determine whether a tax is progressive, proportional or regressive?
- What factors are considered before a tax is enacted by a legislative body?
- Discuss the revenue sources that are transaction-based?
- What do these revenue sources have in common?
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