Learners follow the step-by-step process the U.S. Government uses for creating the federal budget. The topics of budget surpluses and deficits and the federal deficit are covered.
Learners read an extensive explanation of the types of budgets most frequently used by farm operators, whole farm, partial, and enterprise, and complete a brief quiz to test their knowledge. Farm financial standards and ratio calculations are provided. Exercises complete the activity.
In this interactive object, learners change the amount of money received from tax revenue and the amount spent on federal programs as they calculate how fiscal policy affects the gross domestic product (GDP), unemployment, inflation, the annual deficit, the national debt, and interest on the national debt.
In this learning activity you'll review the basics of budgeting, income, and spending. Using an on-line form, you can create your own monthly budgets and a pie chart of your spending habits.