How doescongresslimitDebt?DebtCeilingsHow do youcalculateNationalDebtAccumulateddeficits -AccumulatedsurplusesWhat 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/NomGDPTheGovernmentspends halftheir budget onwhat twoprograms?SocialSecurity,HealthcareWhat are thetwo areas thatgovernmentlargely spendsits tax revenueThings thatgovernmentspendsDefineNationalDebt?what the federalgovernment owescreditors—includingdebt held by thepublic and federalgovernment trustfunds.What isa debtspiral?What arecontractionaryfiscalpolicies?What areactivestabilizationpolicies?Whenunemploymentrises, does thebudget deficitalso rise?How Much isthe currentNationalDebt in theUS?31.5trillionTrue or false:Are Deficitsand Debt thesame?Free!What is abudgetdeficit?It is theopposite of apositivebudgetbalanceHow doescongresslimitDebt?DebtCeilingsHow do youcalculateNationalDebtAccumulateddeficits -AccumulatedsurplusesWhat 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/NomGDPTheGovernmentspends halftheir budget onwhat twoprograms?SocialSecurity,HealthcareWhat are thetwo areas thatgovernmentlargely spendsits tax revenueThings thatgovernmentspendsDefineNationalDebt?what the federalgovernment owescreditors—includingdebt held by thepublic and federalgovernment trustfunds.What isa debtspiral?What arecontractionaryfiscalpolicies?What areactivestabilizationpolicies?Whenunemploymentrises, does thebudget deficitalso rise?How Much isthe currentNationalDebt in theUS?31.5trillionTrue or false:Are Deficitsand Debt thesame?Free!What is abudgetdeficit?It is theopposite of apositivebudgetbalance

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