1. ECONOMICS: November 6 Economics Learning Targets #1
In order to understand how the federal government spends revenue, I will analyze federal government finances. I will know I have it when I can: (1) list the steps in the federal budget process; (2) place in rank order the major categories of federal government spending; (3) explain the causes of budget imbalances; (4) differentiate between budget deficits and the national debt; and (5) explain the impact of the national debt and how it is financed.
--finish Ch. 14, Lesson 2 reading guide (HO) (TURN IN) Debt Clock Economics Learning Target #2 In order to understand how the government collects revenue and how it is spent, I will analyze state and local taxation. I will know I have it when I can convert data from bar graphs to pie charts to illustrate the top few categories of state and local government revenue and expenditures.
state and local government pie charts (HO) (make pieces in % proportions, and labeled by type & %) Closure: What is the difference between the deficit and the debt?
Assignment: read ch. 14, sect. 3