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chapter 18 outline

Subject: 
US Gov and Politics [1]
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Presidency of Ronald Reagan [2]
Tax Reform Act [3]
United States federal budget [4]

?PAGE ? ?PAGE ?2? Krisa Cassidy seq NL1 \r 0 \h Chapter 18 Outline SEQ NLI \r 0 \h I?? seq NLA \r 0 \h . INTRODUCTION? seq NLA \r 0 \h Reasons for government debt (THEME A: POLITICS AND ECONOMICS) deficit--The result of when the government in one year spends more money than it takes in from taxes. national debt--The total deficit from the first presidency down to the present. gross domestic product--The total of all goods and services produced in the economy during a given year. seq NL1 \r 0 \h Deficit: Spending more than one earns seq NL_a \r 0 \h Financed by selling government bonds to Americans and foreigners seq NL_a \r 0 \h National debt: Total amount of all deficits seq NL1 \r 0 \h Economic reason for debt seq NL_a \r 0 \h Bonds are always repaid.

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[1] https://course-notes.org/subject/us_gov_and_politics [2] https://course-notes.org/taxonomy/term/1054540 [3] https://course-notes.org/taxonomy/term/1057801 [4] https://course-notes.org/taxonomy/term/1050795