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

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