Transcript The Government Taxes, Borrows, and Spends

The Government Taxes,
Borrows, and Spends
Page 97
What would happen if you
took the school bus home ?
The police would make you bring it back !
Lesson Title:
SOL: Essential Knowledge /Question:
Higher Level Question for Rigor:
Bloom’s Taxonomy:
Materials:
Vocabulary:
Procedures / Instructional Strategies:
Learning Styles Addressed:
Differentiation:
Assessment:
Candy Questions
What
economic
term
means
combining
resources
to make a
product or
service?
What
economic
term means
that which
is given up
when a
choice is
made?
Which
government
agency
wants us to
take better
care of the
Earth?
Name one
reasons that
states and
countries
trade with
each other.
What do
banks do
to
encourage
people to
deposit
money?
What form of
business is
authorized
to act as an
individual
regardless
of the
number of
owners?
What gives
consumers
the best
product at
the best
price?
Which
economy
offers
consumers the
least amount of
choices?
What
economic
term means
the inability
to satisfy all
wants and
needs at the
same time?
What type of
crime is petty
theft,
disorderly
conduct, and
littering?
http://www.youtube.com/watch?v=3Q6Ti9x
CX_M
http://www.brainpop.com/socialstudies/eco
nomics/taxes/
Government tax increases reduce the
funds available for private and
business spending; tax decreases
increase funds for private and
business spending.
Increased government borrowing reduces
funds available for borrowing by
individuals and businesses; decreased
government borrowing increases funds
available for borrowing by individuals and
businesses.
Increased government spending increases
demand, which may increase employment
and production; decreased spending
reduces demand, which may result in a
slowing of the economy.
Increased government spending may
result in higher taxes; decreased
government spending may result in
lower taxes.
http://www.youtube.com/watch?v=AWvdIUP9oc
The 16th Amendment to the
Constitution of the United States of
America authorizes Congress to tax
incomes (personal and business).
On the left side of your
notebook, illustrate,
with arrows, three of
today’s main points.