Unit 2 Vocab Flashcards
1
Q
Deficet
A
Spends more then budget/loss
2
Q
Insurance Trust Fund
A
Pays for medicare, highway, unemployment
3
Q
Regressive Taxes
A
Pays taxes regardless of income
4
Q
Fiscal year
A
12 month span, budgeted
5
Q
Fed
A
central bank of U.S.