DEBT<br /><br />
US Deficit FY2009: $1.2 trillion = 8% of GDP<br />US Debt = $10 trillion<br />US GDP = $13.84 trillion<br />
Deficit<br />If Expenditures > Revenues you have DEFICIT<br />Expenditures – Revenue     = Deficit<br />Money in        - ...
Surplus<br />If Revenues > Expenditures you have SURPLUS<br />Revenue 	– Expenditure  = Surplus<br />Money in     - Money ...
GDP?<br />GDP is the GROSS DOMESTIC PRODUCT<br />GDP is the total output of all economic activity in a nation including go...
Debt?<br />Debt is the total of all deficits – surpluses<br /><br />
US Debt Clock<br />
I.O.U.S.A.<br />
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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.
  9. 9.
  10. 10. US Debt Clock<br />
  11. 11. I.O.U.S.A.<br />
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