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Econ, Vocab 8 Chapter 10
per person basis; total divided by population
that part of the economy made up of the local, state, and federal governments
that part of the economy made up of private individuals and businesses
annual plan outlining proposed expenditures and anticipated revenues
12 month financial planning period that may not coincide with the calendar years
federal spending authorized by law that continues without the need for annual approvals of congress
spending for federal programs that must receive annual authorization
legislation earmarking funds for certain purposes
federal health care program for senior citizens, regardless of income
joint federal state medical insurance program for low income people
total amount of money the federal gov has borrowed from others
annual budget in which expenditures equal revenues
special account used to hold revenues designated for a specific expenditure such as social security, medicare, or highways
programs or benefits using established eligibility requirements to provide health, nutritional, or income supplements to individuals
annual gov spending in excess of taxes and other revenues