AP Gov Federal Budget Webquest

AP Gov Federal Budget Webquest - FiscalCliffWebQuest...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
AP Government ­ Federal Budget & Fiscal Cliff Web Quest What is the main idea of the cartoonist above? Assignment Goals You will be able to describe the process of creating an annual federal budget You will be able to describe common problems associated with the federal budget (i.e. debt) You will be able to identify approximately how much the US Government spends on key programs and will identify sources of revenue You will be able to explain “the fiscal cliff” and form an opinion about how the US Government should solve the impending fiscal cliff ALL QUESTIONS MUST BE ANSWERED IN A DIFFERENT COLOR FONT
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
The Fiscal Cliff What is the main idea of the cartoonist above? Watch: CNN ­ Complete Explanation of the Fiscal Cliff Watch: What you need to know about the fiscal Cliff 1) What is a debt ceiling ? The maximum amount of money the U.S can borrow? 2) What happened in the summer of 2011 and two results of it? In the summer of 2011our rating drop AAA to AA. THE DOW dropped 635 points in a day as a result of nervous inverstors pulling money out of economy b/c debt cris. 3) What are three things that will happen in Jan 2013 if nothing helps to solve the "fiscal cliff?" recession will happen. If nothing happens to solve the fiscal cliff recession will happen. deficit reductions, and tax increases across 4) What are three impacts of the fiscal cliff on our economy?t rates T he fiscal cliff affects taxes of individuals which in turn affects the economy . IT will raise unemplyment rates as well as well as undermine consumer 5) Read additional information about the fiscal cliff here . 6) What does the public think about Democrats & Republicans approach to the fiscal cliff? Find out here. DEmocrats more willing to negotiate and actually to solve the issue Define Each of the following Key Terms Chapter 18 You may find these on­line, from me, or in your textbook Chapter “Economic Policy”.
Background image of page 2
budget­ is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 6

AP Gov Federal Budget Webquest - FiscalCliffWebQuest...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online