Economics M2L3 Vocabulary

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Across
  1. 3. optional spending of government money
  2. 5. money that is collected by the government
  3. 8. federal health insurance program covering individuals over 65 and certain younger people with disabilities
  4. 9. tax on the production, consumption, or distribution of goods like alcohol, tobacco, or gasoline
  5. 13. the spending of money by governments on specific items or programs
  6. 14. tax on the profits made by selling stock
  7. 15. tax on an individual's wages or salary
Down
  1. 1. government spending on programs that are required by law
  2. 2. a plan for spending money
  3. 4. the higher a person's income, the higher the percentage of tax that must be paid
  4. 6. budget when revenue and expenditures are equal
  5. 7. government programs to benefit elderly, disabled, or those living in poverty
  6. 9. a tax on the estate of a deceased person
  7. 10. tax on the value of property owned by a person
  8. 11. when revenue is greater than the amount of expenditures
  9. 12. when expenditures are greater than revenue