Economics – 5/13/15
I. Bellwork: Q&A
- List 3 examples of mandatory expenditures
- List 3 examples of discretionary expenditures
- Explain the difference between mandatory and discretionary spending.
II. Objective
- Distinguish between a surplus, a deficit, the national deficit, and national debt
- Examine the impact of deficits, surpluses, and the national debt.
- Integrate information from diverse sources into a coherent understanding of an idea or event
III. Section 10-3 Discuss Pages 277-282
IV. Discussion
- Crowding Out (Understand the concept)
- Debt Limit (An Analogy)
- The Story of Spending (History of Gov’t Spending)
V. Classwork
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