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

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.


1
N N
2
B B
3
I I
4
B
5
G
6
G G
7
I I
8
N
9
I
10
B B
11
G G
12
I I
13
B
14
N N
15
G G
16
N
  1. N-Debt Ceilings
    N-How does congress limit Debt?
  2. B-Things that government spends
    B-What are the two areas that government largely spends its tax revenue
  3. 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?
  4. B-Free!
  5. G-When unemployment rises, does the budget deficit also rise?
  6. G-Debt/Nom GDP
    G-Debt Ratio=
  7. I-what the federal government owes creditors—including debt held by the public and federal government trust funds.
    I-Define National Debt?
  8. N-What are contractionary fiscal policies?
  9. I-What is a debt spiral?
  10. B-31.5 trillion
    B-How Much is the current National Debt in the US?
  11. G-Accumulated deficits - Accumulated surpluses
    G-How do you calculate National Debt
  12. I-Social Security, Healthcare
    I-The Government spends half their budget on what two programs?
  13. B-True or false: Are Deficits and Debt the same?
  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. G-It is the opposite of a positive budget balance
    G-What is a budget deficit?
  16. N-What are active stabilization policies?