Budget Spreadsheet

Using the sites suggested or other places to research, find out:

 Approximately how many people are there in the world?

bullet World POPClock from US Bureau of the Census
bullet

Internet Public Library (a great reasource that you can trust for lots of stuff)

bullet

Population Reference Bureau (the number and many good articles about the issue)

Approximately how many households are there in the USA?

bullet National POPClock from US Bureau of the Census
bullet Population Reference Bureau

What is the Gross Domestic Product of the USA?

bullet

a definition of GNP and GDP

bullet

an excellent explanation of the difference between GDP and GNP

bullet

GNP and per capital GNP of various counties

bullet

GDP 2001-2003 and forecast for 2004

bullet

all sorts of facts about the USA provided by the CIA (you paid for it, use it!)

What is the difference between the deficit and the National Debt?

bullet

a 1996 article that clearly discusses this

bullet

"National Debt Awareness Center" has definitions and amounts

bullet

U.S. NATIONAL DEBT CLOCK

 

What is the budget the Present Bush proposes for 2005?

bullet

Per the Washington Times

bullet

NY Times analysis

What will the deficit be in 2005?

What is the current national debt?

The following are calculated using the figures that you researched above:

What is the interest that the government  pays (assume 6%) each year (forever until it is back) on the National Debt?

What is the additional interest that the government  will pay (assume 6%) each year (forever until it is back) on the 2005 deficit?

What is each household's share of the yearly interest on the National Debt?

What is each household's share of the interest on the deficit of 2005?

What would the monthly payments be if we were to pay back the deficit of 2005 over 20 years?

What would each household's share of that be?

What would the monthly payments be if we were to pay back the National Debt over 50 years?

What would each household's share of that be?

Who are you?

Name
E-mail
Section
Phone
   
 

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This page was created by Professor Maureen Greenbaum and was last updated on 01/08/06 .

Page Name:  Spreadsheet on the Budget
URL:             http://faculty.ucc.edu/business-greenbaum/Forms/The budget.htm 

Disclaimer:  Information on this site represents the thoughts and opinions expressed by the author and not that of Union County College.  The author takes full responsibility for the information presented.  By using the information contained herein, the user willingly assumes all risks in connection with such use.  Neither the author nor Union County College shall be held liable or responsible for content, errors, and/or omissions in information herein or information contained on any Web Page to which it is linked.  Furthermore, neither the author nor Union County College shall be liable for any special, consequential, or exemplary damages resulting, in whole or in part, from any user's use of, or reliance on, this material or material set forth on any Web Page to which it is linked. 
Copyright:      ã Maureen Greenbaum Sumware in NJ  2001, '02, '03, '04, '05, '06, '07, 2008.  All rights reserved. AddThis Social Bookmark Button