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# Us Debt

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### Us Debt

1. 1. DEBT<br /><br />
2. 2. US Deficit FY2009: \$1.2 trillion = 8% of GDP<br />US Debt = \$10 trillion<br />US GDP = \$13.84 trillion<br />
3. 3. Deficit<br />If Expenditures > Revenues you have DEFICIT<br />Expenditures – Revenue = Deficit<br />Money in - Money out = Deficit<br /> \$700 - \$800 = - \$100<br />Your Deficit is \$100 <br />
4. 4. Surplus<br />If Revenues > Expenditures you have SURPLUS<br />Revenue – Expenditure = Surplus<br />Money in - Money out = Surplus<br />\$800 - \$700 = \$100<br />Your surplus is \$100 <br />
5. 5. GDP?<br />GDP is the GROSS DOMESTIC PRODUCT<br />GDP is the total output of all economic activity in a nation including goods and services<br /> Health care expenses<br />+Durable goods (microwaves, hair dryers, cars)<br />+Mining activities<br />+Food (PIZZA)<br />+Lawyers fees<br />+All other economic output<br />GDP <br />
6. 6. Debt?<br />Debt is the total of all deficits – surpluses<br /><br />
7. 7.
8. 8.
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10. 10. US Debt Clock<br />
11. 11. I.O.U.S.A.<br />
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