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Comparing and Contrasting Which program do you think is more effective, workfare or welfare? Why?
Explain what is meant by the term distribution of income. Identify the major reasons for inequality in the distribution of income.
Identify the political and economic importance of the census. Explain how the age composition of the future population might impact our economy.
Identify the components of GDP by decoding the formula GDP = C + I + G + (X - M). Describe the historical growth of population in the United States.
Describe what goods and services are included in the GDP. Identify the source of income for the four sectors of the economy.
What would happen to the Lorenz curve if nonfinancial aid such as food stamps and Medicaid were treated as income? Explain why this would occur.
Explain the significance of poverty threshold, poverty guidelines, Lorenz curve, welfare, food stamps, Medicaid and Earned Income Tax Credit.
Summarize the population-related problems affecting your community, and assess the local or state government's solutions.
Drawing Conclusions How will the retirement of baby boomers affect your generation? How do you think the baby boomers will feel about this?
How would the tax collection system have to change if the government levels that actually spend the money had to collect the taxes themselves?
Comparing and Contrasting What is the difference between transfer payments and government spending on goods and services?
List four legislative attempts to deal with the problem of federal budget deficits. Explain why entitlements are so named.
List the three major categories of spending by local governments. Discuss the relationship of the federal deficit to the federal debt.
Explain why politicians insert pork items into other legislation. Identify the purpose of a balanced budget amendment.
Explain the two kinds of government spending. Describe the way the government competes with the private sector.
Deficit Spending If you were given the task of reducing entitlement programs to limit deficit spending, which ones would you select to reduce or alter?
Which do you think is a better way to reduce budget deficits: pay-as-you-go provisions or line-item vetoes? Explain your answer in a brief paragraph.
The BIG Idea Why is it so difficult to rein in the national debt? Determining Cause and Effect How can the federal debt affect worker incentives?
What is the difference between the national debt and the federal deficit? What were the results of government efforts to reduce deficits?
Explain the significance of deficit spending, national debt, balanced budget, trust fund, per capita, crowding-out effect and pay-as-you-go provision.
Write an essay describing how the budget is created and who has spending authority.
How will the combination of these two factors affect future transfer payments such as Social Security?
Determining Cause and Effect If the price of a share of stock goes up, what does this suggest about the quantity demanded and quantity supplied for that stock?
Describing What are the stock performance measures? The BIG Idea What options are available to individuals who wish to invest in stocks?
Explain the significance of equities, stockbroker, Efficient Market Hypothesis, portfolio diversification, mutual fund, net asset value and 401(k) plan.