Economics Concepts
Economics Concepts
Down below I will I will link all the documents and online books you need, if you have any trouble accessing them please let me know.
this is a four part assignment, below I will write the instructions for each part.
Part 1
Read the Section 3 Preview on the top of p. 371 of Economics to review Section Objectives and Key Terms.
Now read pp. 371–374, and complete the Federal Spending activity on p. 62 of the Guided Reading and Review Workbook. Read the Section 4 Preview on the top of p. 375 of Economicsto review Section Objectives and Key Terms.
Now read pp. 375–380, and complete the State and Local Taxes and Spending activity on p. 63 of the Guided Reading and Review Workbook.
Part 2
Read the Internet Taxation Activity on pp. 412–413 of Economics and complete questions 1–4. These answers will be submitted in Lesson 8 as part of your Unit 6 portfolio assessment. When you are finished, you may also complete the online poll by following the instructions on p. 413.
Part 3-4
Complete the Chapter 14 Economic Detective, which you should have accessed earlier in the lesson.
The link below is to access an Online Textbook.
Answer Preview………………..
Part 1. While mandatory spending includes the spending in which the government authorities are supposed to spend on certain programs, discretionary spending includes spending on programs in which the authorities therein have autonomy to make decisions on the programs on which to spend. The government is entitled to provide support to people past the age of 65, which explains the increased cost of social security in future. To this effect, the size of the baby boomer generation, living off retirement benefits is bound to increase, which explains the rise in the cost of the program as the government seeks to meet the needs of this generation. Defense is the largest category of discretionary spending. Other examples include education, research, and technology. 375–380. The operating budget includes government spending on daily activities while capital budget is a budget for the major projects within the state. A balanced budget is one which the revenue and the amount spent are equal. The main sources of state revenue are taxes from organizations and individuals within the……………
APA 657 words