5th - 8th CCSS: Adaptable. Young mathematicians dive into the number line to discover decimals and how the numbers infinitely get smaller in between. They click the zoom button a few times and learn that the number line doesn't just stop at integers. Includes a...
It is clear that the difference between gross and net debt is very large for some countries. While Japan looks like an outlier in terms of gross debt, it is close to Italy and Greece when it comes to net debt.
What is the National Debt? The national debt - aka the federal debt - is the total of all the past years' budget deficits, minus what the government has paid off with budget surpluses. Deficits are common: in the last half century, the federal government has run a deficit in 45 out of 50 years.