What areactivestabilizationpolicies?TheGovernmentspends halftheir budget onwhat twoprograms?SocialSecurity,HealthcareDebtRatio=Debt/NomGDPHow Much isthe currentNationalDebt in theUS?31.5trillionWhenunemploymentrises, does thebudget deficitalso rise?What areImplicitLiabilities?Spending promisemade by thegovernment that areeffectively a debtdespite the fact thatthey are no includedin the usual debtstatistics.True or false:Are Deficitsand Debt thesame?DefineNationalDebt?what the federalgovernment owescreditors—includingdebt held by thepublic and federalgovernment trustfunds.What is abudgetdeficit?It is theopposite of apositivebudgetbalanceFree!How do youcalculateNationalDebtAccumulateddeficits -AccumulatedsurplusesHow doescongresslimitDebt?DebtCeilingsWhat arecontractionaryfiscalpolicies?True or false:Most economistbelieve thatrunning abalanced budget isbad thing to doevery year. They believerunning budgetdeficits in badyears, and offsetthem with budgetsurpluses in goodyearsWhat isa debtspiral?What are thetwo areas thatgovernmentlargely spendsits tax revenueThings thatgovernmentspendsWhat areactivestabilizationpolicies?TheGovernmentspends halftheir budget onwhat twoprograms?SocialSecurity,HealthcareDebtRatio=Debt/NomGDPHow Much isthe currentNationalDebt in theUS?31.5trillionWhenunemploymentrises, does thebudget deficitalso rise?What areImplicitLiabilities?Spending promisemade by thegovernment that areeffectively a debtdespite the fact thatthey are no includedin the usual debtstatistics.True or false:Are Deficitsand Debt thesame?DefineNationalDebt?what the federalgovernment owescreditors—includingdebt held by thepublic and federalgovernment trustfunds.What is abudgetdeficit?It is theopposite of apositivebudgetbalanceFree!How do youcalculateNationalDebtAccumulateddeficits -AccumulatedsurplusesHow doescongresslimitDebt?DebtCeilingsWhat arecontractionaryfiscalpolicies?True or false:Most economistbelieve thatrunning abalanced budget isbad thing to doevery year. They believerunning budgetdeficits in badyears, and offsetthem with budgetsurpluses in goodyearsWhat isa debtspiral?What are thetwo areas thatgovernmentlargely spendsits tax revenueThings thatgovernmentspends

National Debt and Budget Deficit - Call List

(Print) Use this randomly generated list as your call list when playing the game. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. N-What are active stabilization policies?
  2. I-Social Security, Healthcare
    I-The Government spends half their budget on what two programs?
  3. G-Debt/Nom GDP
    G-Debt Ratio=
  4. B-31.5 trillion
    B-How Much is the current National Debt in the US?
  5. G-When unemployment rises, does the budget deficit also rise?
  6. I-Spending promise made by the government that are effectively a debt despite the fact that they are no included in the usual debt statistics.
    I-What are Implicit Liabilities?
  7. B-True or false: Are Deficits and Debt the same?
  8. I-what the federal government owes creditors—including debt held by the public and federal government trust funds.
    I-Define National Debt?
  9. G-It is the opposite of a positive budget balance
    G-What is a budget deficit?
  10. B-Free!
  11. G-Accumulated deficits - Accumulated surpluses
    G-How do you calculate National Debt
  12. N-Debt Ceilings
    N-How does congress limit Debt?
  13. N-What are contractionary fiscal policies?
  14. N-They believe running budget deficits in bad years, and offset them with budget surpluses in good years
    N-True or false: Most economist believe that running a balanced budget is bad thing to do every year.
  15. I-What is a debt spiral?
  16. B-Things that government spends
    B-What are the two areas that government largely spends its tax revenue