National Budget Simulation Worksheet

http://www.econedlink.org/national-budget-simulator.php

Follow the above link and read the instructions for the simulation(in the attachment). After you complete the simulation, answer the questions from the attached worksheet. Write and submit your document per the instructions on the attached document.

How will the program cuts that you made affect specific groups (the elderly, students, environmentalists, savers, the poor, foreign aid recipients, producers, etc.)?

The program cuts will impose a general effect on the whole economy. The cut on international affairs will sabotage the efforts of the economy to establish contact with the global market. It will make it hard for the economy to establish multinational companies and expand its investments both locally and internationally. The cut on agriculture and community development will slow down the growth of the agricultural sector and regional development. It will majorly affect the poor and the producers who primarily depend on the agricultural sector as a major source of income…

  1. What programs did you choose to cut? Why did you choose those programs over others?

I chose to cut agriculture, international affairs, and community development. The economy can establish itself without strong international relations (Chen and Lee 21). Investing in other important programs such as health, national defense, energy, and technology gives the economy enough strength to develop…

  • Would other cuts have had less impact on people’s lives? Which budget cuts had the largest impact on reducing the deficit?

Cutting other programs would have equally affected the people. For instance, a cut on health would lead to weak medical and health care policies that would affect the whole nation. International affairs had the largest impact on reducing the deficit…

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