Economics – 5/02/14

I.  Bellwork: Q&A

  • Page 242 Economic Analysis
  • Page 244 Economic Analysis

II.  Objective:

  • Distinguish between the ways in which local, state, and federal governments generate revenue.
  • Determine the meaning of words and phrases as they are used in a text

III.   Discussion & Notebook Work:

    • State & Local Revenue Sources p 242
    • Page 255 Visual Summaries

IV.  Classwork

    • Page 238 Content Vocabulary 15
    • Page 245 # 2, 3, 7 Q&A
    • 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)


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