How Much isthe currentNationalDebt in theUS?31.5trillionTrue or false:Are Deficitsand Debt thesame?How do youcalculateNationalDebtAccumulateddeficits -AccumulatedsurplusesTheGovernmentspends halftheir budget onwhat twoprograms?SocialSecurity,HealthcareWhat is abudgetdeficit?It is theopposite of apositivebudgetbalanceWhat areactivestabilizationpolicies?What arecontractionaryfiscalpolicies?Free!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 areImplicitLiabilities?Spending promisemade by thegovernment that areeffectively a debtdespite the fact thatthey are no includedin the usual debtstatistics.Whenunemploymentrises, does thebudget deficitalso rise?What isa debtspiral?How doescongresslimitDebt?DebtCeilingsWhat are thetwo areas thatgovernmentlargely spendsits tax revenueThings thatgovernmentspendsDefineNationalDebt?what the federalgovernment owescreditors—includingdebt held by thepublic and federalgovernment trustfunds.How Much isthe currentNationalDebt in theUS?31.5trillionTrue or false:Are Deficitsand Debt thesame?How do youcalculateNationalDebtAccumulateddeficits -AccumulatedsurplusesTheGovernmentspends halftheir budget onwhat twoprograms?SocialSecurity,HealthcareWhat is abudgetdeficit?It is theopposite of apositivebudgetbalanceWhat areactivestabilizationpolicies?What arecontractionaryfiscalpolicies?Free!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 areImplicitLiabilities?Spending promisemade by thegovernment that areeffectively a debtdespite the fact thatthey are no includedin the usual debtstatistics.Whenunemploymentrises, does thebudget deficitalso rise?What isa debtspiral?How doescongresslimitDebt?DebtCeilingsWhat are thetwo areas thatgovernmentlargely spendsits tax revenueThings thatgovernmentspendsDefineNationalDebt?what the federalgovernment owescreditors—includingdebt held by thepublic and federalgovernment trustfunds.

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