What it is and from where it came.
Grade 9 Economics 6.1.9.D 6.2.9.H 6.2.9.J 6.2.9.L 6.3.9.E
Grade 12 Economics 6.1.12.D 6.2.12.F 6.2.12.H 6.2.12.J 6.2.12.L 6.3.12.E
Civics and Government 5.3.C.A 5.3.C.B 5.3.C.C 5.3.C.D
Grade 12 Civics and Government 5.3.12.A 5.3.12.C 5.3.12.D
1. January 1 to December 31
2. July 1 to June 303. October 1 to
September 304. September 1 to
October 31
1. Statement of federal profit and loss
2. Statement of federal expenditures and revenues
3. Statement of federal income tax revenues
4. Statement of liability of federal borrowing
True
False
50%50%1. True2. False
1. Is balanced2. Has a budget
surplus3. Has a budget
deficit4. Needs
Congressional approval
1. Is the result of all the yearly budget deficits
2. Is the direct liability of the US Government
3. Is largely the result of war, recession and inflation
4. All of the above
Confiscation
Cutting non-w
ar spending
Printing m
oney
Borrowing
Incre
asing T
axes
0% 0% 0%0%0%
1. Confiscation2. Cutting non-war
spending3. Printing money4. Borrowing5. Increasing
Taxes
1. True2. False
1. Selling Treasury Bills (T-Bills) -sold for 1 year or less; they do not pay interest
until maturity and are sold at a discount of par value
2. Selling Treasury Bonds (T-Notes)-mature in 1 to 10 years, have a coupon payment
every six months, and have denominations of $1,000
3. Selling Savings Bonds (T-Bonds)-maturity from 20 to 30 years, have a
coupon payment every six months like T-Notes, and are commonly issued with maturity of 30 years.
1. Social Security and Medicare Trust Funds and Federal Reserve = 41%
2. China + Japan = 15%3. Other countries and organizations
http://www.facethefactsusa.org/facts/who-holds-the-note-look-in-the-mirror-infographic/
A: Here is a pie chart showing the makeup, or ownership, of the National Debt as of December 1998.
True
False
50%50%1. True2. False
True
False
50%50%1. True2. False
1. 1940-19452. 1965-19703. 1985-19904. 2000-2005
Yes N
o
50%50%1. Yes2. No
True
False
50%50%1. True2. False
1. True2. False
1. The US would not be able to pay its bills.
2. The US would not be able to use borrowed funds to pay its bills.
3. The US may default on its credit obligations.
4. Nothing
True
False
50%50%1. True2. False
Yes N
o
50%50%1. Yes2. No
True
False
50%50%1. True2. False
The War f
or Independence
The Civil War
World
War I
World
War I
I
25% 25%25%25%1. The War for Independence
2. The Civil War3. World War I4. World War II
The Federal
Gove
rnment..
.
The states t
ake ove
r the...
Individuals
who buy bon..
Printing m
oney to pay of..
.
25% 25%25%25%1. The Federal Government takes over the debts of the states
2. The states take over the debts of the Federal Government
3. Individuals who buy bonds take over the national debt
4. Printing money to pay off debt
www.usdebtclock.org
What would you do? www.nathannewman.org/nbs/ www.marketplace.org/topics/economy/budget-hero