Shadle Park Economics

Finish balancing and turn in Budget Packet and “Life Story”

Book assignment

Taxation book questions

1. (244-252) What are the top 4 areas of government spending at the federal level and then the top 2 at the state and local level?

2. (217 and 223) What are the top 3 sources of revenue for the government at the federal level and then the top 2 at the state and local level?

3. (210) What are the 3 reasons why to tax listed in your book?

4. (211) Describe the two principles used to describe who should be taxed.

<!– /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:”"; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Times New Roman”; mso-fareast-font-family:”Times New Roman”;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} /* List Definitions */ @list l0 {mso-list-id:1307206290; mso-list-type:hybrid; mso-list-template-ids:-2026073934 67698703 67698713 67698715 67698703 67698713 67698715 67698703 67698713 67698715;} @list l0:level1 {mso-level-tab-stop:.25in; mso-level-number-position:left; margin-left:.25in; text-indent:-.25in;} ol {margin-bottom:0in;} ul {margin-bottom:0in;} –>

Recession or Depression?

1. What factors are commonly used to measure the health of the economy.

2. What is the opposite of a recession?

3. In modern terms, how many depressions have we had in the US?

4. What determines when a recession would become a depression?

Next page…

5. According to the article, should the public be worried by an occasional moderate recession?

6. What was the most significant recession preceding our current one? What was the cause?

7. What do you think/what have your heard was the cause was for our current recession?

Recession or Depression Article