Sunday, January 17, 2010

US Debt Clock

Summary: Debt Clock.

The debt clock is here. Roll over a catagory to see how it was calculated and defined.

In percent, what is the debt to GDP ratio? Is it possible for a country to have a debt to GDP ratio greater than 1? According to the debt clock, is there any area where revenues are greater than expenses? Using the data for the labor force and number unemployed, what is the unemployment rate? What item composes the largest budget item? Capital inflows occur when an economy is running a current account deficit. How much of US financial and real assets held by foreigners?

In AP Macroeconomics, make sure students know the difference between the national debt and the budget deficit.

About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.


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