Economics – 5/07/15
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:
- Federal Revenue Sources (Pie Chart)
- State & Local Revenue Sources p 242
- Page 255 Government Revenue Sources
IV. Classwork
A. Page 238 Content Vocabulary 15 & Page 245 # 2, 3, 7 Q&A
B. 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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