Economics – 12/15/2016

I.  Bellwork:

• SAT READING QUESTIONS

II.  Objective:

• Distinguish between the ways in which local, state, and federal governments generate revenue.
• Write arguments to support claims in an analysis of substantive topics or texts, using valid reasoning and relevant and sufficient evidence
• Determine the meaning of words and phrases as they are used in a text

III.   Discussion & Notebook Work:

A.  Federal Revenue Sources  (Pie Chart)   Additional Info

B.  Income Tax Video

C.  State & Local Revenue Sources p 242

D.  Page 255 Government Revenue Sources

E.  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 (3)

IV.  Classwork

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

Economics F2016