GOVERNMENT
UNIT 4
CHAPTER 16
READING GUIDE/CLASS NOTES
READ THE CHARTS FOR THESE NOTES
Types of Revenue.
1.
2.
3.
In what year was our greatest surplus, what reasons were given for this?
In what year was our greatest deficit, what reasons were given for this?
Who are the top 5 lenders that the government owes for the public debt (be sure to read the *)?
1.
2.
3.
4.
5.
What is the public debt today according to the debt clock, what was it in 2008, how much does it
grow on a daily basis?
Define entitlement and give examples, including the largest entitlement program.
What is the difference between controllable and uncontrollable spending? Give an example of each.
Name 5 differences you see from spending in 1968 to the spending in 2008.
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Terms:
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Fiscal policy
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Progressive tax
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Regressive tax
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Excise tax
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Deficit
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Surplus
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Public debt
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Gross Domestic Product
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Inflation
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Deflation
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Recession