_____ Spending Is the Part of the Budget That Works

question 40

Multiple Choice

_____ spending is the part of the budget that works its way through Congress each year and includes programs such as national defense, transportation, environment, and education.

• A) Discretionary
• B) Mandatory
• C) Consumer
• D) Contractionary

---

Definitions:

Euros

The official currency of the Eurozone, which is used by 19 of the 27 European Union countries.

Exchange Rate

The rate at which one currency will be exchanged for another currency.

Absolute Purchasing Power Parity

The theory that in the absence of transaction costs and barriers to trade, identical goods will have the same price in different countries when expressed in a common currency.

Exchange Rates

The value of one currency for the purpose of conversion to another, impacting international trade and investment.