Chapter 15, cont[1].

Chapter 15, cont[1]. - What was Medicare intended to be?...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 15, Cont. Lecture Review Startin How big is the national debt? How much money goes to paying the interest on it each year? How much money goes to military causes? What two ways does the President influence the economy? How many members are on the Federal Reserve Board, and how do they become members? How long are their terms and why? When was the Fed created? What does the Fed do? What is the main resource for the government’s money? Where does government money get spent? (general amounts- %) What are entitlements?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: What was Medicare intended to be? What is Medicare in truth? What is Medicaid? What percentage of their salary does the average American have left after paying personal income taxes? Does the Federal Government have a requirement for a balanced budget? What does deficit mean? Define the following and give an example: Progressive Tax-Regressive Tax-Flat or Proportional Tax-Regulatory or Sin Tax-What adds about 1/3 more to the cost of products such as cars?...
View Full Document

Page1 / 2

Chapter 15, cont[1]. - What was Medicare intended to be?...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online