Economics 111 SIUE Mary Pettit Exam
3 questions n answers rated A+
2025/2026
State budget outlays/expenditures - correct answer ✔✔1. Education
2. public Welfare assistance
3. health and hospitals
4. highways
5. public safety
Education For state - correct answer ✔✔Wages, salaries, people- colleges and universities
Public Welfare - correct answer ✔✔Assistance, programs are means tested, must demonstrate
need.
Highways - correct answer ✔✔State roads, not interstates
State Public safety - correct answer ✔✔State troupers, patrol, prisons
State Tax Revenues - correct answer ✔✔1. Sales and Excise tax
2. personal income tax
3. corporate income taxes
4. licenses and other
5. property taxes
, sales and excise tax - correct answer ✔✔on things you buy and tobacco, alcohol, and gas
Licenses and other - correct answer ✔✔lottery, gambling, drivers license, sticker fee,
occupational licenses
Property tax - correct answer ✔✔real estate, home, business, and personal
Local budget expenditures/outlays - correct answer ✔✔1. Education
2. welfare, health, and hospitals
3. public safety
4. housing, parks, and sewer
5. highways
Local tax revenues - correct answer ✔✔1. Property taxes
2. Sales and excise taxes
Education for Local - correct answer ✔✔K-12, wages, saleries, pensions
Local Public safety - correct answer ✔✔Police, jails, and firefighters
Local Highways - correct answer ✔✔local roads, pothole repair, snow removal, mowing
Property taxes - correct answer ✔✔Taxes levied on the value of real estate- home or business.
GDP - correct answer ✔✔Most important measure of the Macroeconomy. Stands for Gross
domestic Product.
3 questions n answers rated A+
2025/2026
State budget outlays/expenditures - correct answer ✔✔1. Education
2. public Welfare assistance
3. health and hospitals
4. highways
5. public safety
Education For state - correct answer ✔✔Wages, salaries, people- colleges and universities
Public Welfare - correct answer ✔✔Assistance, programs are means tested, must demonstrate
need.
Highways - correct answer ✔✔State roads, not interstates
State Public safety - correct answer ✔✔State troupers, patrol, prisons
State Tax Revenues - correct answer ✔✔1. Sales and Excise tax
2. personal income tax
3. corporate income taxes
4. licenses and other
5. property taxes
, sales and excise tax - correct answer ✔✔on things you buy and tobacco, alcohol, and gas
Licenses and other - correct answer ✔✔lottery, gambling, drivers license, sticker fee,
occupational licenses
Property tax - correct answer ✔✔real estate, home, business, and personal
Local budget expenditures/outlays - correct answer ✔✔1. Education
2. welfare, health, and hospitals
3. public safety
4. housing, parks, and sewer
5. highways
Local tax revenues - correct answer ✔✔1. Property taxes
2. Sales and excise taxes
Education for Local - correct answer ✔✔K-12, wages, saleries, pensions
Local Public safety - correct answer ✔✔Police, jails, and firefighters
Local Highways - correct answer ✔✔local roads, pothole repair, snow removal, mowing
Property taxes - correct answer ✔✔Taxes levied on the value of real estate- home or business.
GDP - correct answer ✔✔Most important measure of the Macroeconomy. Stands for Gross
domestic Product.
