DebtRatio=Debt/NomGDPHow doescongresslimitDebt?DebtCeilingsHow Much isthe currentNationalDebt in theUS?31.5trillionWhat isa debtspiral?Free!TheGovernmentspends halftheir budget onwhat twoprograms?SocialSecurity,HealthcareWhat areImplicitLiabilities?Spending promisemade by thegovernment that areeffectively a debtdespite the fact thatthey are no includedin the usual debtstatistics.Whenunemploymentrises, does thebudget deficitalso rise?What are thetwo areas thatgovernmentlargely spendsits tax revenueThings thatgovernmentspendsWhat is abudgetdeficit?It is theopposite of apositivebudgetbalanceDefineNationalDebt?what the federalgovernment owescreditors—includingdebt held by thepublic and federalgovernment trustfunds.What areactivestabilizationpolicies?How do youcalculateNationalDebtAccumulateddeficits -AccumulatedsurplusesWhat arecontractionaryfiscalpolicies?True 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 goodyearsDebtRatio=Debt/NomGDPHow doescongresslimitDebt?DebtCeilingsHow Much isthe currentNationalDebt in theUS?31.5trillionWhat isa debtspiral?Free!TheGovernmentspends halftheir budget onwhat twoprograms?SocialSecurity,HealthcareWhat areImplicitLiabilities?Spending promisemade by thegovernment that areeffectively a debtdespite the fact thatthey are no includedin the usual debtstatistics.Whenunemploymentrises, does thebudget deficitalso rise?What are thetwo areas thatgovernmentlargely spendsits tax revenueThings thatgovernmentspendsWhat is abudgetdeficit?It is theopposite of apositivebudgetbalanceDefineNationalDebt?what the federalgovernment owescreditors—includingdebt held by thepublic and federalgovernment trustfunds.What areactivestabilizationpolicies?How do youcalculateNationalDebtAccumulateddeficits -AccumulatedsurplusesWhat arecontractionaryfiscalpolicies?True 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 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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  1. G-Debt/Nom GDP
    G-Debt Ratio=
  2. N-Debt Ceilings
    N-How does congress limit Debt?
  3. B-31.5 trillion
    B-How Much is the current National Debt in the US?
  4. I-What is a debt spiral?
  5. B-Free!
  6. I-Social Security, Healthcare
    I-The Government spends half their budget on what two programs?
  7. 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?
  8. G-When unemployment rises, does the budget deficit also rise?
  9. B-Things that government spends
    B-What are the two areas that government largely spends its tax revenue
  10. G-It is the opposite of a positive budget balance
    G-What is a budget deficit?
  11. I-what the federal government owes creditors—including debt held by the public and federal government trust funds.
    I-Define National Debt?
  12. N-What are active stabilization policies?
  13. G-Accumulated deficits - Accumulated surpluses
    G-How do you calculate National Debt
  14. N-What are contractionary fiscal policies?
  15. B-True or false: Are Deficits and Debt the same?
  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.