Lesson Details

Unit 6: Lesson 36 - Should We Worry About the National Debt?

Students discuss the size of the current national debt and what this means. A class discussion covers the causes of the debt, how it is financed, definitions of a budget deficit and budget surplus, and the difference between a budget deficit and a trade deficit. Students then participate in an activity presenting different perspectives on whether the national debt is a problem of major concern.

Concepts:

  • Bond
  • Bonds
  • Budget
  • Budget Deficit
  • Budget Surplus
Standards:
  • Standard #17: Government Failure
  • Standard #20: Fiscal and Monetary Policy

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