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  • 1. DEBT

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

  • 7.
  • 8.
  • 9.
  • 10. US Debt Clock
  • 11. I.O.U.S.A.