POLS 207 TAMU- FINAL EXAM QUESTIONS AND
ANSWERS
/. Gross Domestic Product - Answer-✅The total value of all the goods and services
produced in the United States in a year; a measure of the size of the U.S. economy.
/.Tax Burden - Answer-✅Taxes as a percent of a person's income; the larger the
proportion of the income paid in taxes, the larger tax burden.
/.Magnet Schools - Answer-✅Schools emphasizing instruction in particular areas in an
effort to improve quality and attract students.
/.Charter Schools - Answer-✅Schools operated with public funds by private community
groups under a charter from public school districts or others granting agency.
/.Tenure - Answer-✅Ensures that faculty members who have demonstrated their
competence in a college or university position for three to seven years cannot thereafter
be dismissed except for "cause" - a serious infraction of established rules or dereliction
of duty, provable in an open hearing.
/.Poverty Rate - Answer-✅The percentage of the population whose annual cash income
falls below that which is required, according to federal government, to maintain a decent
standard of living.
/.Payroll Tax - Answer-✅Tax that is levied on and withheld from an employee's wages.
/.Medicare - Answer-✅Federal health insurance for the aged.
/.Medicaid - Answer-✅Federal aid to the states to provide health insurance for the poor.
/.Progressive Taxes - Answer-✅Taxes that require high-income groups to pay a larger
percentage of their income in taxes than low-income groups.
/.Regressive Taxes - Answer-✅Taxes that take a larger share of the low-income groups
than of high-income groups.
/.Proportional Taxes - Answer-✅Taxes that require all income groups to pay the same
percentage of their income in taxes.
/.What state is considered to the most regressive? - Answer-✅Washington state
ANSWERS
/. Gross Domestic Product - Answer-✅The total value of all the goods and services
produced in the United States in a year; a measure of the size of the U.S. economy.
/.Tax Burden - Answer-✅Taxes as a percent of a person's income; the larger the
proportion of the income paid in taxes, the larger tax burden.
/.Magnet Schools - Answer-✅Schools emphasizing instruction in particular areas in an
effort to improve quality and attract students.
/.Charter Schools - Answer-✅Schools operated with public funds by private community
groups under a charter from public school districts or others granting agency.
/.Tenure - Answer-✅Ensures that faculty members who have demonstrated their
competence in a college or university position for three to seven years cannot thereafter
be dismissed except for "cause" - a serious infraction of established rules or dereliction
of duty, provable in an open hearing.
/.Poverty Rate - Answer-✅The percentage of the population whose annual cash income
falls below that which is required, according to federal government, to maintain a decent
standard of living.
/.Payroll Tax - Answer-✅Tax that is levied on and withheld from an employee's wages.
/.Medicare - Answer-✅Federal health insurance for the aged.
/.Medicaid - Answer-✅Federal aid to the states to provide health insurance for the poor.
/.Progressive Taxes - Answer-✅Taxes that require high-income groups to pay a larger
percentage of their income in taxes than low-income groups.
/.Regressive Taxes - Answer-✅Taxes that take a larger share of the low-income groups
than of high-income groups.
/.Proportional Taxes - Answer-✅Taxes that require all income groups to pay the same
percentage of their income in taxes.
/.What state is considered to the most regressive? - Answer-✅Washington state
