National Debt and Deficit
0.0(0)
Studied by 0 people
View linked note
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/8
There's no tags or description
Looks like no tags are added yet.
Last updated 7:40 PM on 10/2/23
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
9 Terms
1
New cards
National Debt
(33 tril.) The total amount of money a government owes.
2
New cards
Budget Surplus
The positive difference between government spending and revenue in a given year.
3
New cards
Budget Deficit
The negative difference between government spending and revenue in a given year.
4
New cards
Reducing Deficits
The act of reducing government spending and increasing revenues to decrease budget deficits.
5
New cards
Create Money (Reduce Deficits)
The process of 'creating' money to give to banks or printing money, which can help reduce deficits, but excessive printing can lead to hyperinflation.
6
New cards
Borrowing Money (Reduce Deficits)
The act of borrowing money, which adds to the national debt, as a strategy to reduce deficits.
7
New cards
Treasury Bills (Gov’t Borrowing)
Short-term bonds with maturity dates of 26 weeks or less, issued by the government.
8
New cards
Treasury Notes (Gov’t Borrowing)
Bonds with terms of 2-10 years, issued by the government.
9
New cards
Treasury Bonds (Gov’t Borrowing)
Bonds that mature 30 years after the issue, issued by the government.
Flashcards (81)