| Answer Key for Teachers | Fasttrack
to America's Past
Section 8: Modern America Page 8 - 37 and 8 - 38 The Federal Budget & The Federal Debt |
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| What
the Table Shows
Introduce the table by explaining to students what a budget
is, using a household budget as an example. Families have income,
and must spend money for items needed and desired. The household
may have a surplus at the end of the year, if it has spent less than its
income. If it spends too much, however, there will be a deficit,
which must be covered by borrowing money. The same is true of the
federal government's budget.
Keep in mind that while the budget of the federal government
has grown tremendously, there has also been enormous growth in the nation's
total economy. The table shows that as a percent of the total economy,
federal spending has actually been pretty stable.
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Questions,
p. 8 - 38
1. The federal government's... True - no change needed. 2. Spending by the federal... True - no change needed. 3. In all of the years shown... False - change to: "most of the years" 4. In 2000 the federal government... False - change to "two trillion" 5. Federal spending has been... True - no change needed. 6. President Ronald Reagan... False - change to "increased" 7. Under President Clinton in... True - no change needed.
Scroll down to continue |
| Questions,
continued
8. The size of the federal debt... False - change to "rose steadily" 9. In 1990 the federal debt... True - no change needed. 10. Written out completely... False - change to $ 5,629,000,000,000
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