Economics – 4/15/11

I.  Bellwork: Q&A

A. Page 239 Economic Analysis

B. Page 242 Economic Analysis

C. Page 244 Economic Analysis

II.  Objective:

  • Analyze the ways in which local, state, and federal governments generate revenue.

III.   Video –     How the Government Spends, Collects, & Owes

IV.  Classwork: Q&A

  • Page 245 #2, #3 & #7
  • Pages 251-253
      • Describe Flat tax and list its advantages (3) and disadvantages (3)
      • Describe Value Added tax list its advantages (4) and disadvantages (1)
  • Page 256 17-23 Q&A

V.  iLearn Quiz – Chapter 9-1 & 9-2 Quiz online

What to know:

  • Vocabulary words for 9-1 & 9-2
  • Guided Reading 9-1 & Section Notes
  • Incidence of a tax & Figure 9.1 p. 231
  • Types of taxes pg 235
  • Federal Revenue Sources-Pie Chart
  • State & Local Main Revenue Sources p 242
  • Page 255 Visual Summaries


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