A possible budget reform involves:
a. a quadrennial budget.
b. breaking down the budget into increasingly small budget lines.
c. appointing agency heads with different priorities than those of elected representatives.
d. to simplify the budget document by concentrating only on major groupings and eliminating line items.
e. to eliminate the operating budget.
QUESTION 2Which of the following are not counted when we compare a family's income to the poverty line?
a. In-kind transfers such as food stamps, Medicaid, and public housing.
b. Cash welfare payments such as from social security.
c. Cash payments when a worker becomes unemployed.
d. Both a. and b. above are correct.
QUESTION 3A recent college graduate who is looking for her first job would be considered _____.
a. a discouraged worker
b. underemployed
c. overemployed
d. unemployed
e. not in the labor force
QUESTION 4One way of improving the federal government budget process is to:
a. switch to a two-year or biennial budget.
b. remove the Council of Economic Advisers from the process.
c. detail budgeting by focusing on all groupings and line items.
d. provide for automatic annual increases in all budget categories.
e. eliminate the role of Congressional committees in the process.
QUESTION 5The unemployment rate will decrease whenever there is a(n) _____.
a. increase in the number of persons classified as unemployed
b. decrease in the number of unemployed persons relative to the size of the labor force
c. decrease in the size of the population and no change in the number of persons classified as employed
d. reduction in the size of the labor force
e. decrease in the number of unemployed persons and no change the population
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