Economics Vocabulary
Across
- 2. year-a 12-month period for which an organization plans its expenditures
- 3. sector-the part of the economy that is owned by individuals or businesses
- 5. tax-a tax on the production or sale of a specific good or service
- 8. fee-money charged for the use of a good or service
- 9. assessor-a government official who determines the value of property to be taxed
- 10. budget-a plan for major expenses or investments
- 12. payments-money distributed to individuals who do not provide goods or services in return
- 14. tax-a tax on the assets of a person who has died
- 15. spending-spending that the government must authorize each year
- 17. spending-government spending that is required by current law
- 18. amounts of money put aside for specific purposes
- 19. budget-a plan for day-to-day expenses
- 20. transfer payment from the federal government to state or local governments
Down
- 1. budget-a budget in which total government revenue is equal to total government spending
- 4. tax-a tax on money or property given by one living person to another
- 6. welfare programs with specific requirements
- 7. government-run, national health insurance program mainly for citizens over age 65
- 11. budget-a plan for spending federal tax money
- 13. government-run medical insurance program for low-income people
- 16. duty-a tax on goods imported into the United States