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CIV M7L3 Key Terms
Civics Module 7 Lesson 3 Key Terms
Term | Definition |
---|---|
Revenue | Income or money earned over time. |
Budget | An estimated plan for how much money you will spend over a period of time. |
Sales Tax | A tax people are required to pay the government based on items they purchase. |
Income Tax | A tax that a person pays on their earned and unearned income. |
Public Goods | Goods and services provided by the government that benefit all people. |
Public Welfare | A program that helps to pay for housing and medical care for those in needs. |
Social Security | Assistance paid to Americans over the age of 65 and Americans with disabilities. |
Medicare | Health insurance provide by the U.S. government. |
Tourism | Traveling and visiting interesting places. |
Industry | The production of goods, such as in factories where manufacturing occurs. |
Information Technology | The technology of storing, sending, and processing information by computers. |
Biotechnology | Adapting living things to create new products. |