Economics – 11/21/11

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.  Notebook Work:

Pages 251-253

• Describe Flat Tax and list its advantages (3) and disadvantages (3)
• Describe Value Added Tax and list its advantages (4) and disadvantages (1)

V.  Classwork

• Page 256 1-10 & 17-23 Q&A
• Progressive, Regressive, and Proportional Taxes Interactive

VI.  iLearn Quiz – Chapter 9-1 & 9-2 Quiz online Tomorrow- Friday

What to study:

• Objectives for Sections 9-1 & 9-2
• Know vocabulary words
• Progressive, Regressive, and Proportional tax
• Guided Reading 9-1
• Incidence of a tax pg 231
• Impact of a tax on producers and consumers(inelastic/elastic conditions)
• Types of taxes pg 235
• Federal Revenue Sources p 239
• State & Local Revenue Sources p 242
• Page 255 Visual Summaries

Economics F2011