AP Gov final (The budget)

Question 1

what are appropriations

Answer 1

In law and government, appropriation is the act of setting apart something for its application to a particular usage, to the exclusion of all other uses. It typically refers to the legislative designation of money for particular uses, in the context of a budget or spending bill

Question 2

whats an appropriation bill

Answer 2

An appropriation bill, also known as supply bill or spending bill, is a proposed law that authorizes the expenditure of government funds. It is a bill that sets money aside for specific spending.

Question 3

how do they the determine the budget of the US

Answer 3

The president submits the budget proposal to Congress early the next year.

Proposed funding is divided among 12 subcommittees, which hold hearings. Each is responsible for funding for different government functions such as defense spending or energy and water.

The House and Senate create their own budget resolutions, which must be negotiated and merged. Both houses must pass a single version of each funding bill.

Congress sends the approved funding bills to the president to sign or veto.

Question 4

what is national debt

Answer 4

To pay for a deficit, the federal government borrows money by selling Treasury bonds , bills , and other securities. The national debt is the accumulation of this borrowing along with associated interest owed to the investors who purchased these securities.

Question 5

what is a national budget deficit

Answer 5

A budget deficit occurs when money going out (spending ) exceeds money coming in (revenue ) during a defined period

Question 6

what is a national budget surplus

Answer 6

A surplus occurs when the government collects more money than it spends.

Question 7

what is an entitlement program

Answer 7

Entitlement programs are rights granted to citizens and certain non-citizens by federal law. The programs are either contributory or non-contributory. example- social
security

Question 8

what do entitlement programs include

Answer 8

Entitlement programs include welfare programs, Social Security, Medicare, Medicaid, Unemployment, and Coronavirus relief programs such as individual and business support payments.

Question 9

how much of the budget goes to entitlement programs

Answer 9

Mandatory spending, sometimes called entitlement spending, consists of about two-thirds of all federal spending.