Shadle Park Economics

RECESSION AND YOU
Discussion

• Jobs
• Loans and Borrowing
• Consumer Culture

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Original National Debt Clock
Upward Mobility May No Longer Be Guaranteed

Book assignment

Spending, deficits, and debt

Use your book to find the following:

1. Examine the graphs on page 244 and tell me about one thing that surprised you.

2. According to the graphs on page 245, what two areas of spending increased the most from 1980 to 1998?

3. Answer the questions that go with the graphs on page 250.

4. Read the section on debt and deficit starting on page 253. What is the difference between debt and deficit?

5. According to your book, where did the deficits of the 1980s come from?

6. Examine the graphs on page 255. What does each graph represent?

7. Which graph is most useful/significant? Why?

8. Answer number 6 on page 260. Please be sure to provide the reasons for your choices.