Economics – 11/25/14
I. Bellwork:
A.) Claim Statement:
Which type of tax (progressive, proportional, or regressive) do you believe is the most equitable way for the government to raise money? Provide support for your claim.
B.) Questions & Answers
- 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 Government Revenue Sources
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)
V. Chapter 9.1 & 9.2 iLearn Test – Today -Sunday @ 9:00 pm
A. What to study:
- Objectives for Sections 9-1 & 9-2
- Know vocabulary words
- Progressive, Regressive, and Proportional tax & Examples of each
- Guided Reading 9-1- Ability to Pay & Benefit Principle
- Incidence of a tax/graphs pg 231
- Impact of a tax on producers and consumers(inelastic/elastic conditions)
- Types of taxes pg 235
- Federal Revenue Sources (Pie Chart Above)
- State & Local Revenue Sources p 242
- Page 255 Visual Summaries
Leave a Reply