The State
The group of people who are the members or citizens of a state.
What is population?
An amount of money citizens and businesses are required to pay so that the government can function and provide services.
What are taxes?
This is a plan for spending.
What is a budget?
This is known as the “medium of exchange.” It is commonly accepted in exchange for goods and services.
What is money?
These are the TWO major political parties in the United States.
What are the republicans and the democrats?
The area in which a state's rule applies.
What is territory?
The tax you pay when you buy something.
What is sales tax?
When the U.S.government maps out how much money it expects to bring in and how much money it plans to spend
What is a federal budget?
The coins and notes printed by the government.
What is currency?
An organized group of people who share similar political views and work to influence the government in support of those views.
What is a political party?
This US department is responsible for dealing with other nations.
What is the Department of State?
The more income or profit a person or company has, the higher tax rate they pay.
What is a progressive tax?
This kind of governmental spending is required by law.
This is when you put your money in the bank
What is deposit?
A formal set of principle goals which are supported by a political party
What is a political party platform?
The ability to rule absolutely within a territory.
What is sovereignty?
The tax you pay on money you receive from various sources.
What is income tax?
Optional governmental spending that Congress decides on each year.
What is discretional spending?
This is when you take your money out of the bank
What is withdrawl?
An undemocratic party system where only one political party exists.
What is a single-party system?
Organization inside a state that controls the actions and policies of the state.
What is government?
A specific tax that applies to certain items like alcohol, gasoline and tobacco.
What is excise tax?
Process where congress and the president debate, negotiate, and finally compromise to create a spending and income plan for the government.
What is the budgeting process?
This is when you pay the bank to let you borrow money
What is loan?
A party system where three or more political parties share power.
What is a multi-party system?