Economics: Chapters 11 and Oct budget

HW –

Read Exploring Economics Unit 11

Read Whatever Happened to Penny Candy Chapter 11

Complete Questions below

Test 3

Password: P5CMMMM

October Budget

You get a tax refund of 3,000

Week 11 - Exploring Economics Unit 11 and Penny Candy Chapter 11

From Penny Candy:

1. Go to http://www.brillig.com/debt_clock. What is the current national debt?

2. What would the debt burden be to each person in the U.S. (divide debt by population)?

3. What would the debt burden be for YOUR household (multiply the answer to question 27 by the number of people who live in your household)?

From Exploring Economics:

4. Economic policy is made up of what two elements?

5. How is Congress involved in economic policy?

6. What Cabinet department is most involved with Federal economic policy?

7. This lesson (53) describes the deregulation of what two industries?

8. What was the result of these two programs deregulation?

9. What was the purpose of the Americans with Disabilities Act?

10. In 2008, what was the largest single source of Federal revenue?

11. What is the meaning of the Federal deficit?

12. What is the meaning of national debt?

13. What is needed to reduce or eliminate deficits and the debt?

Economics