National
GDP
Spending
True or False
Plans to Fix
100
The total amount of money that the government has borrowed from any source
What is National Debt
100
GDP stands for?
What is: Gross Domestic Product
100
What are the top three expenditures of the U.S. each year?
What is: Social Security, National Defense and Medicare.
100
True or False:Transfer payments are limited to only Social Security, Medicare benefits, and unemployment checks.
What is: False
100
Name one of the current plans to help fix the national deficit?
What is:Either the automatic cuts or the Obama Jobs Bill.
200
Is National debt the biggest in U.S. History and how many times has the debt exceeded 100% of GDP?
What is: Federal debt has breached 100 percent of GDP twice since 1900: during World War II and in the aftermath of the Crash of 2008.
200
The U.S. current account deficit, on trade in goods and services, income, and net unilateral current transfers, decreased to $118.0 billion in the second quarter of 2011 from $119.6 billion in the first quarter of 2011. As a percentage of U.S. GDP, the deficit decreased to 3.1 percent from 3.2 percent.
What is: The U.S Balance
200
In 1900 governments in the United States spend very little on relief of the poor, including less than 0.2 percent on relief and 0.25 percent on health care services. In the early 21st century, governments spend over 8 percent of GDP on welfare programs, including health care for the poor.
What is: The percentage of GDP our nation spent on welfare.
200
Will stopping the Corporate welfare, help eliminate the Deficit?
What is: True
200
Invest in our future by fully funding education and early childhood development; Hold elected officials accountable and reward those who make tough choices that benefit the people– not big corporations, are all a part of what?
What is: Possible ways to eliminate a Deficit
300
The amount that our federal government borrows each year. It's the difference between what the federal government spends and the revenue it receives during a particular year. So each year's deficit is added to the existing debt
What is: The annual federal budget deficit
300
The amount by which a government‘s, income exceeds its spending over a particular period of time.
What is a Surplus
300
Why were transfer payments higher than normal after the recession?
What is: Because they act as economic stabilizers and make up for the other losses in income.
300
The government does not borrow money from other countries to make up for there excessive spending.
What is: False
300
Create incentives for small businesses to hire and grow from now into 2012.
What is: President Obamas Jobs Bill
400
Causes of Budget Deficit
What is: Lower Taxes rates, Increase Spending. When the Government spends more money then what they bring in.
400
The net accumulated borrowing by the federal government
What is: National Debt
400
Money given by the government to its citizens for which no labor or service is performed.
What is: Transfer Payments
400
A Gift from us to your Group!!!
What is: 400 points!!! <3
400
Who's Job is to reduce federal budget deficits by a total of at least $1.2 trillion over 10 years
What is: The Super Committee
500
High Roller!!!
What is: Free 500 points for being so daring! :D
500
The “special deficit reduction committee” was created by:
What is: President Obama
500
A country willing to Lend us money.
What is: China
500
The more the government spends, the more it stimulates the economy.
What is: True
500
Fix this statement. Politicians get elected for loosing jobs. They lose elections for not allowing unemployment to continue or raising taxes.
What is: Politicians get elected for saving jobs. They lose elections for allowing unemployment to continue or raising taxes.
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