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This Concept Map, created with IHMC CmapTools, has information related to: Chapter 14 Budget Deficit & National Debt, Budget deficit Implication Increase the National debt, Too large to service the debt Calculate Stuctural Deficit Publicly held nominal debt to GDP, Budget deficit Implication Debt Monetization- printing money> inflation, Future Borrowing Nature of deficit spending Social infrastructure: more income than is due in foreign owned interest, Budget deficit Implication Public Investment, Increase the National debt Increase dependence on interest payments, Budget deficit Implication international implications: High interest rates attract foreign investors> increase in demand $> decrease exports> increase imports> more demand in the form of interest and dividend, Increase the National debt Increase Depend on Future Generation, Stuctural Deficit Publicly held nominal debt to GDP correction Seignorage, Stuctural Deficit Publicly held nominal debt to GDP Concern Unable to service debt, Stuctural Deficit Publicly held nominal debt to GDP correction Cyclical effects, Increase the National debt Increase Tax, Stuctural Deficit Publicly held nominal debt to GDP correction Real growth, Budget deficit Implication Lower unemployment, Consumtion Increase Today spending "living it up", Budget deficit Implication Growing national Debt, Investment Spending Nature of deficit spending Consumtion, Depend on Future Generation examine Domestic Borrowing, Depend on Future Generation examine Future Borrowing, Budget deficit Implication Lower national saving